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
  1. IntroducedJan 11, 2021
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. 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

  1. By resolution, reintroduced and retained in present status.
  2. First reading, referred to Business, Financial Services & Trade.
  3. 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.

Report wrong or missing information on this page