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Department of Professional and Occupational Regulation; real estate brokers, salespersons, and rental location agents; exemptions. Clarifies that the provisions related to real estate brokers, salespersons, and rental location agents shall not apply to any person employed by a licensed real estate broker for and on behalf of the owner of any real estate or the improvements thereon that the licensed broker has contracted to manage for the owner if the actions of such employee are limited to (i) accepting and signing broker-approved rental agreements, state or federal required disclosures, and any documents required for compliance with Virginia Fair Housing Law related to such rental transaction and (ii) accepting security deposits, periodic rent, and other payments contracted for in the rental agreement for such real estate. The bill contains technical amendments. This bill is identical to SB 993.
Introduced
Jan 12, 2025
Last Action
Mar 24, 2025
Session
VA 2025
Sponsors
1 primary · 0 co
Acts of Assembly Chapter text (CHAP0463)
Approved by Governor-Chapter 463 (Effective 07/01/25)
Governor's Action Deadline 11:59 p.m., March 24, 2025
Enrolled Bill communicated to Governor on March 3, 2025
Signed by President
Fiscal Impact Statement from Department of Planning and Budget (HB2557)
Signed by Speaker
Bill text as passed House and Senate (HB2557ER)
Enrolled
Passed Senate (39-Y 0-N)
Read third time
Rules suspended
Passed by for the day
Constitutional reading dispensed (on 2nd reading) (36-Y 0-N)
Reported from General Laws and Technology (15-Y 0-N)
Referred to Committee on General Laws and Technology
Constitutional reading dispensed (on 1st reading)
Read third time and passed House (97-Y 0-N)
Fiscal Impact Statement from Department of Planning and Budget (HB2557)
Passed House (99-Y 0-N)
Reconsideration of passage agreed to by House
Read second time
Engrossed by House - committee substitute
General Laws Substitute agreed to
Read first time
Reported from General Laws with substitute (21-Y 0-N)
Committee substitute printed 25106491D-H1
Subcommittee recommends reporting with substitute (8-Y 0-N)
Fiscal Impact Statement from Department of Planning and Budget (HB2557)
Assigned GL sub: Professions/Occupations and Administrative Process
Referred to Committee on General Laws
Prefiled and ordered printed with emergency clause; Offered 01-13-2025 25102236D
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Acts of Assembly Chapter text (CHAP0463)
Adele Y. McClure