Committee continues Division of Real Estate with technical changes, removes restitution provision
The committee voted unanimously to continue the Division of Real Estate and adopt technical amendments clarifying trust‑account scope, supervisory confidentiality and affiliated‑business disclosures; it removed the commission restitution authority and sent the bill to Finance (11‑0).
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Sponsors asked the committee to continue the Division of Real Estate and adopt Sunset Commission recommendations to clarify statutory language and strengthen consumer protections. "This bill continues the division and commission because of their important role in overseeing tens of thousands of licensees and protecting consumers in high‑stakes transactions," Representative Brooks said.
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