2022 Regular Session • Maryland Legislature
SB425: Real Estate Associate Brokers and Salespersons - Compensation - Payment From Title Insurance Producer
Legislative Summary
Authorizing a licensed title insurance producer to pay compensation for the provision of real estate brokerage services to associate real estate brokers, real estate salespersons, or certain business entities on behalf of a real estate broker in accordance with written disbursement authorization provided by the real estate broker.
Demographic Impact
Overall analysis of equity impact
60% Positive
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Bill History
1/26/2022
First Reading Finance
Senate
1/28/2022
Reassigned to Education, Health, and Environmental Affairs
Senate
2/3/2022
Hearing 2/17 at 1:00 p.m.
Senate
3/3/2022
Favorable Report by Education, Health, and Environmental Affairs
Senate
3/3/2022
Favorable Adopted
Senate
3/3/2022
Second Reading Passed
Senate
3/8/2022
Third Reading Passed (46-0)
Senate
3/9/2022
Referred Economic Matters
House of Delegates
4/7/2022
Favorable Report by Economic Matters
House of Delegates
4/7/2022
Favorable Adopted Second Reading Passed
House of Delegates
4/8/2022
Third Reading Passed (133-1)
House of Delegates
4/8/2022
Returned Passed
Senate
5/29/2022
Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 650
Senate
Roll Call Votes
Third Reading Passed
4/8/2022
133
Yea
1
Nay
2
Not Voting
5
Absent
Result: PASSED
Third Reading Passed
3/8/2022
46
Yea
0
Nay
0
Not Voting
1
Absent
Result: PASSED
Status Information
Current Status
Passed(5/29/2022)
Chamber
Senate
Sine Die
Sponsors
Republican: 1
Primary Sponsor
Edward Reilly
Republican