This bill amends provisions related to the Division of Real Estate's investigation practices and procedures.
This bill:
- amends provisions related to the Division of Real Estate's (division) authority to investigate licensees, including time periods for retention of certain documents, and the division's ability to request documents;
- provides guidance on the determination of disciplinary actions taken by the Real Estate Commission;
- defines terms related to advertising practices;
- provides that certain conduct by a principal broker does not created an agency relationship with a buyer;
- amends provisions related to the inclusion of the brokerage's name being included in an advertisement or through a link requiring only one click; and
- makes technical changes.

Statutes affected:
Introduced: 61-2-203
Enrolled: 61-2-203
Amended 2/26/2025 10:02:931: 61-2-203
Substitute #1: 61-2-203