INSURANCE & COMMERCE - SENATE - Apr 05, 2023

INSURANCE & COMMERCE - SENATE · April 5, 2023

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Call to order and housekeeping

Presentation

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Chair opened the meeting, asked attendees to silence phones and announced the committee will recess at 09:00 to avoid conflicting with the joint budget committee. The agenda will resume after that recess.

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The Arkansas Senate Insurance & Commerce Committee heard testimony on Bill 1700, which would change licensing/exemption rules affecting property managers. Testimony split between property managers and real estate industry witnesses and concerns focused on tenant protections, fiduciary duties, the Arkansas Real Estate Commission waiver process and a 1981 court precedent.

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