BILL · 2021–22 SESSION
SB 5050: Real estate firms & brokers
Concerning real estate firms and brokers.
Summary
- Directs real estate firms and managing brokers to pay their brokers in a reasonable time period after receiving commissions.
- Provides brokers with options to pursue grievances regarding the untimely payment of commissions, including the option to file a complaint with the Department of Licensing (DOL).
- Ensures that a finding of failure to pay commissions in a reasonable time period is a violation subject to disciplinary action by the DOL.
From the Senate Bill Report (SB 5050), written by the Legislature's nonpartisan staff. Read the full report ↗
Did not pass Did not pass · died in committee
- IntroducedJan 11, 2021
- Out of committeestopped here
- Passed Senate
- Passed House
- Governor
- Law
- Prime sponsor
- Bob Hasegawa (D-11)
- Introduced
- January 11, 2021 in the Senate
- Last action
- January 10, 2022
- Budget
- Has a fiscal note
AN ACT Relating to real estate firms and brokers;
Sponsors
Prime sponsor: Bob Hasegawa (D-11)
Votes
No recorded floor votes. This measure never reached a floor vote.
History
- By resolution, reintroduced and retained in present status.
- First reading, referred to Business, Financial Services & Trade.
- Prefiled for introduction.
SB 5050 in other sessions
Bill numbers restart every two years, so the same number is a different bill in each session.
- SB 5050 (2025–26) Presidential primary privacy
- SB 5050 (2023–24) Breast implant surgery
- SB 5050 (2019–20) Body armor sentencing enhan.
- SB 5050 (2017–18) Assault weapons ban
- SB 5050 (2015–16) Responsible bidder criteria
- SB 5050 (2013–14) Tow truck passengers
- SB 5050 (2011–12) Residential security deposit
- SB 5050 (2009–10) Small business tax credit