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Committee gives 5-0 due-pass recommendation to real estate licensing updates
Summary
The Senate Industry and Business Committee voted 5-0 to recommend engrossed House Bill 1125, a pre-filed agency bill that clarifies referral and compensation language, extends testing rules for broker applicants, allows the commission to set renewal timing in rules, and expands wholesaling disclosure requirements beyond residential transactions.
The Senate Industry and Business Committee on transcript voted 5-0 to give a due-pass recommendation to engrossed House Bill 1125, legislation that updates North Dakota real estate licensing law.
Representative Scott Louser, sponsor of the pre-filed agency bill, told the committee the measure consolidates several technical changes and clarifications in statute. “There are essentially 4 changes to this bill,” Louser said, summarizing the items as: clarifying sharing of compensation (referrals), adjusting broker testing timing, giving the commission flexibility on renewal dates, and extending wholesaling disclosure to nonresidential transactions.
The bill, an agency pre-filed…
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