HB5632 HFA Worrell 2-26 #1

Webb 3313

Delegate Worrell moved to amend the bill on page 4, section 17, beginning on line 2, by striking out the entirety of subdivision (1) and inserting in lieu thereof the following:

“(1) Have and maintain a definite place of business within this state, which shall be a room or rooms used for the transaction of real estate business and any allied business. The definite place of business shall be designated in the license certificate issued by the commission and the broker may not transact business at any other location within this state, unless such other location is properly licensed by the commission as a branch office. A broker who is a nonresident of this state may not be required to maintain an active place of business in this state if the nonresident broker’s state of original licensure is party to an active reciprocity agreement with the commission that does not require West Virginia licensees holding licenses in that state to maintain an office in that state;”

Adopted

Rejected