BILL · 1999–00 SESSION

SB 5442: Real estate broker's records

Increasing the defined amount of "nominal deposit" affecting real estate brokers.

Summary

  • $ The maximum amount of client funds a real estate broker must deposit into a pooled interest-bearing account is raised from $5,000 to $10,000. The interest from that account goes to the Housing Trust Fund and the Real Estate Education Fund.

From the House Bill Analysis (SB 5442), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 48, Laws of 1999
  1. IntroducedJan 22, 1999
  2. Out of committee
  3. Passed SenateMar 13, 1999
  4. Passed HouseApr 7, 1999
  5. Governor
  6. LawApr 20, 1999
Prime sponsor
Adam Kline (D-37)
Introduced
January 22, 1999 in the Senate
Last action
April 20, 1999
Session law
Chapter 48, Laws of 1999
Budget
Has a fiscal note

Sponsors

Prime sponsor: Adam Kline (D-37)

2 co-sponsors (1 Democrat, 1 Republican)

Votes

Senate · Final Passage

March 13, 1999
Version voted on: SB 5442
47 Yea 0 Nay 1 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat26001
Republican21010
How each member voted

House · Final Passage

April 7, 1999
Version voted on: SB 5442
91 Yea 0 Nay 0 Absent 7 Excused
PartyYeaNayAbsentExcused
Democrat44005
Republican47002
How each member voted

Yea (91)

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 5442 in other sessions

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

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