Senate Amendment 3401 PAG LIN 1 1 Amend Senate File 530, as passed by the Senate, as 1 2 follows: 1 3 #1. Page 1, line 7, by inserting after the word 1 4 <country.> the following: <This subsection shall not 1 5 be interpreted to impact or alter a referral fee 1 6 structure which otherwise complies with the 1 7 requirements of this section.> 1 8 #2. Page 1, by inserting after line 7 the 1 9 following: 1 10 <Sec. . Section 543B.60A, Code 2007, is amended 1 11 by adding the following new subsection: 1 12 NEW SUBSECTION. 9. A licensee or person licensed 1 13 in another state or foreign country who conducts 1 14 business in this state or refers business to a 1 15 licensee in this state shall disclose in writing to 1 16 the consumer and to the licensee to whom they are 1 17 referring business, the name of the consumer being 1 18 referred, the name of the referring company, and the 1 19 amount of compensation they are receiving for the 1 20 referral. This subsection shall not affect or 1 21 restrict business practices relating to payment 1 22 methods between listing and selling brokerages, and 1 23 shall be applicable strictly to properties containing 1 24 at least one but not more than four dwelling units.> 1 25 #3. By renumbering, relettering, or redesignating 1 26 and correcting internal references as necessary. 1 27 SF 530.H 1 28 rn/jg/25 1 29 1 30 1 31 1 32 1 33 1 34 1 35 1 36 1 37 1 38 1 39 1 40 1 41 1 42 1 43 1 44 1 45 1 46 1 47 1 48 1 49 1 50 -1-