Bills › 90th General Assembly
HSB 595
Where it is now
- Done: IntroducedJanuary 17, 2024
- Done: SubcommitteeJanuary 22, 2024
- Done: House committeeJanuary 31, 2024
- Skipped: Passes the HouseContinued as HF 2326
- Next: Senate committee
- Next: Passes the Senate
- Next: To the Governor
- Next: Signed into law
Became HF 2326 → Its progress continues under the new number. Go to HF 2326 What’s a funnel?
What’s in it
AI summary This bill changes the rules for who must be licensed as a real estate broker when renting or leasing property. It allows owners of companies to manage their own real estate without needing a broker's license. Additionally, it lets unlicensed employees of real estate brokers perform certain tasks like showing properties, collecting rent, and handling paperwork for rentals.1
Read the official explanation
This bill relates to real estate brokers, and the rental or leasing of real estate. Under current law, a real estate broker is defined as a person acting for another for a fee, commission, or other compensation or promise, who engages directly or indirectly in the acts enumerated in the bill. Under the bill, a real estate broker is defined as a person acting for another for a fee, commission, or other compensation or promise, who engages in the acts enumerated in the bill. The bill creates an exception to Code chapter 543B for a person, limited liability company, or limited partnership who engages in any act that is related to the rental or leasing of real estate on behalf of a partnership, limited partnership, corporation, or limited liability company, and the person, limited liability company, or limited partnership maintains an ownership interest in the partnership, limited partnership, corporation, or limited liability company. The bill creates an exception to Code chapter 543B for a person who engages in an act related to the rental or leasing of real estate on behalf of a partnership, limited partnership, corporation, or limited liability company, and the person is an owner of a partnership, limited partnership, corporation, or limited liability company, which is a parent or subsidiary of, or under common control with the leasing partnership, limited partnership, corporation, or limited liability company. _____ bill also creates an exception to the Code chapter for a person who is a nonlicensed employee of a real estate broker and who engages in advertising, showing, listing, collecting of rents and deposits, procuring of prospects, completing form agreements, and executing form agreements as it relates to the rental, leasing, or property management of real estate. The bill takes effect upon enactment. The bill applies to all proceedings that are not finally adjudicated or are otherwise pending on the effective date of the bill, except to the extent such application would affect a person’s contractual or vested rights.
Changed since by amendment S-5106; see Amendments.
House subcommittee
Named January 22, 2024. On January 30, 2024 it recommended passage. Vote Total: 3-0.
Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part
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