House Amendment 1722


PAG LIN




     1  1    Amend Senate File 530 as follows:
     1  2 #1.  Page 1, by inserting after line 7 the
     1  3 following:
     1  4    <Sec.    .  Section 543B.60A, Code 2007, is amended
     1  5 by adding the following new subsection:
     1  6    NEW SUBSECTION.  9.  A licensee or person licensed
     1  7 in another state or foreign country who conducts
     1  8 business in this state or refers business to a
     1  9 licensee in this state shall disclose in writing to
     1 10 the consumer and to the licensee to whom they are
     1 11 referring business, the name of the consumer being
     1 12 referred, the name of the referring company, and the
     1 13 amount of compensation they are receiving for the
     1 14 referral.  This subsection shall not affect or
     1 15 restrict business practices relating to payment
     1 16 methods between listing and selling brokerages, and
     1 17 shall be applicable strictly to properties containing
     1 18 at least one but not more than four dwelling units.>
     1 19 #2.  By renumbering as necessary.
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     1 22                               
     1 23 WISE of Lee
     1 24 SF 530.501 82
     1 25 rn/je/9359
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