HB308: relative to the supervision of a real estate office and the duties of a facilitator under the real estate practice act.

CHAPTER 87

HB 308 – FINAL VERSION

2015 SESSION

15-0754

10/08

HOUSE BILL 308

AN ACT relative to the supervision of a real estate office and the duties of a facilitator under the real estate practice act.

SPONSORS: Rep. Baroody, Hills 43; Rep. DiSilvestro, Hills 9

COMMITTEE: Commerce and Consumer Affairs

ANALYSIS

This bill removes the requirement for on-site real estate office supervision by a principal broker or managing broker. The bill also clarifies a facilitator’s duty to present all offers and agreements.

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Explanation: Matter added to current law appears in bold italics.

Matter removed from current law appears [in brackets and struckthrough.]

Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

15-0754

10/08

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Fifteen

AN ACT relative to the supervision of a real estate office and the duties of a facilitator under the real estate practice act.

Be it Enacted by the Senate and House of Representatives in General Court convened:

87:1 Real Estate Office; Supervision. Amend RSA 331-A:16, II to read as follows:

II. All licensees and employees associated with a real estate office shall be reasonably supervised [on site] by the principal broker or managing broker.

87:2 New Paragraph; Facilitator; Duty. Amend RSA 331-A:25-f by inserting after paragraph VII the following new paragraph:

VIII. A facilitator shall present in a timely manner all offers and agreements to and from the parties during a real estate transaction.

87:3 Effective Date. This act shall take effect 60 days after its passage.

Approved: June 5, 2015

Effective Date: August 4, 2015