The bill amends the West Virginia Real Estate License Act, specifically section 30-40-17, to create an exception for non-resident real estate brokers regarding the requirement to maintain a definite place of business within the state. The new provision allows non-resident brokers who have a definite place of business in their jurisdiction of residence to operate without needing to establish an office in West Virginia. This change aims to facilitate business for non-resident brokers while still ensuring that they are licensed in their home state.

Additionally, the bill removes the previous stipulation that non-resident brokers could only be exempt from maintaining a business location in West Virginia if their home state had an active reciprocity agreement with the state. This amendment broadens the scope for non-resident brokers, allowing them to engage in real estate transactions in West Virginia without the burden of maintaining a physical office in the state, provided they have a legitimate business presence in their own jurisdiction.

Statutes affected:
Introduced Version: 30-40-17
Engrossed Version: 30-40-17