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Committee adopts amendment to real‑estate licensing bill defining managing principal broker duties
3319874 · May 14, 2025
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Summary
The committee adopted a dash‑a3 amendment and advanced House Bill 31 37 a, which defines a managing principal broker and updates supervisory and licensing requirements for real‑estate brokers.
Chair Pham opened a work session on House Bill 31 37 a on May 14, 2025. Committee staff summarized the bill as creating the term “managing principal broker,” specifying duties and supervisory responsibilities, updating written supervisory agreements, revising license renewal/reactivation guidelines,…
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