The bill amends the West Virginia Real Estate License Act, specifically section 30-40-17, to create an exception for nonresident real estate brokers. Under the new provisions, nonresident brokers who maintain a definite place of business in their jurisdiction of residence will not be required to maintain a separate office within West Virginia. This change allows for greater flexibility for nonresident brokers while still ensuring that they adhere to the licensing requirements of their home jurisdictions.

In addition to this key insertion, the bill retains existing requirements for all brokers, including the need to maintain a definite place of business, display branch office licenses, and manage the licenses of associate brokers and salespersons. The bill is set to take effect 90 days after its passage, which is on July 10, 2025.

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