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Senate committee rejects bill creating broker exemption for property managers
Summary
The Senate Insurance & Commerce Committee debated a bill to create a property‑management licensing exemption and require experience, certification and bonding; after extensive testimony and questions about enforcement the committee voted down the measure.
A proposal to create a licensing exemption aimed at recognizing property management as a distinct profession failed after the Senate Insurance & Commerce Committee questioned how key protections would be enforced.
Daniel Brown introduced the measure and a string of witnesses, including Michael Ford, a West Memphis realtor with 43 years in the business, warned that the bill contains ‘‘minimal protections’’ and does not specify who would verify experience, national certification, felony disqualifications or the required bond. Ford said, “there is no one to ensure or monitor these things are in place.”
Jennifer Lester,…
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