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House Passes Bill to Clarify Real Estate Law

HB 267 Will Help Promote Charitable Giving by Realtors

JUNEAU, Alaska - The Alaska House passed a bill today to clarify statutes that regulate real estate sales and help promote charitable giving by realtors.

House Bill 267 by Representatives Cathy Muñoz (R-Juneau) and Kurt Olson (R-Soldotna) would resolve three areas of concern identified by members of the Alaska Association of Realtors by:

  • Allowing the Alaska Real Estate Commission to designate a licensee to administer closing down a real estate brokerage for medical reasons or violation of law if there is not a licensed broker available to perform the task;
  • Making it clear that licensed assistants only may work for the brokerage in which they are licensed; and,
  • Permitting real estate licensees to share a portion of their commission with a charity and waive their commission if they are selling property of a charity or donate a portion of their commission to a charity.

House Bill 267 is supported by the Alaska Association of Realtors.

The House approved it by a vote of 33 to 0.

The measure heads to the Alaska Senate where a companion measure, Senate Bill 158 by Juneau Senator Dennis Egan, is in the Senate Rules Committee.

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