BILL · 1991–92 SESSION

SB 5232: Real estate brokerage commsn

Regulating the withholding of commissions by closing agents.

Summary

  • Upon receipt of a specified notice by a real estate broker involved in the same real estate transaction, a closing agent is prohibited from disbursing any real estate commission stemming from the transaction and is required to hold such commission in trust.

From the Senate Bill Report (SB 5232), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · stalled on the Senate floor
  1. IntroducedJan 24, 1991
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
James West (R-6)
Introduced
January 24, 1991 in the Senate
Last action
January 13, 1992
Budget
Has a fiscal note

Sponsors

Prime sponsor: James West (R-6)

3 co-sponsors (1 Democrat, 2 Republicans)

Votes

No recorded floor votes.

History

The Legislature's online data doesn't include step-by-step history for sessions before 2001. Its final status is shown above, and the official bill page may have more.

SB 5232 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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