House Bill 476 — Real estate brokers

Lindsay Atkinson 2020 House bill ratings Leave a Comment

Bill description: HB 476 would allow designated real estate brokers to work remotely as long as they are reasonably accessible.

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Does it give government any new, additional, or expanded power to prohibit, restrict, or regulate activities in the free market? Conversely, does it eliminate or reduce government intervention in the market? 

HB 476 allows all designated real estate brokers, that act as supervisors of brokerage companies, to supervise their employees remotely. Current law specifically states that in the case of a designated broker who “is engaged in a full-time activity at a location other than where the broker is licensed to do business, a presumption will be made that the broker is unable to manage and supervise that brokerage company.” This bill would remove that presumption, as long as the designated broker is regularly accessible to employees and the public.

To further support flexible work locations, the bill strikes out current law relating to the absentee policy for designated brokers.

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