The bill amends the West Virginia Real Estate License Act, specifically section 30-40-19, which outlines the grounds on which the West Virginia Real Estate Commission may refuse, suspend, or revoke a real estate license. The amendments include provisions that clarify the responsibilities and requirements for real estate teams, including the necessity for a team lead to register with the commission and complete additional training. The bill emphasizes that teams must operate under a single supervising broker, who retains full responsibility for compliance and supervision, and prohibits team members from implying they are acting as brokers unless they are duly licensed.

Additionally, the bill introduces specific requirements for team leads, including the need for annual registration and completion of a team lead-centered education curriculum starting July 1, 2027. It also establishes that the revocation of a broker's license will automatically suspend the licenses of all associated salespersons and associate brokers, although they may receive a replacement license to a new broker without charge if they apply during the same license term. Overall, the amendments aim to enhance accountability and professionalism within the real estate industry in West Virginia.

Statutes affected:
Introduced Version: 30-40-19
Committee Substitute: 30-40-19
Enrolled Committee Substitute: 30-40-19