S.F. No. 0067

Real estate brokers and sales agents-opinions on value.

 

Sponsored By:        Senator(s) Perkins and Representative(s) Greear

 

AN ACT relating to real estate licensees; providing for opinions regarding the price of real estate; providing disclaimer language; providing definitions; providing conforming amendments; and providing for an effective date.

 

2/10/2012   Bill Number Assigned

2/13/2012   S Received for Introduction

2/14/2012   S Introduced and Referred to S07

 

ROLL CALL

Ayes:  Senator(s) Anderson, Barnard, Bebout, Burns, Case, Christensen, Coe, Cooper, Dockstader, Driskill, Emerich, Esquibel, F., Geis, Hastert, Hicks, Hines, Jennings, Johnson, Landen, Martin, Meier, Nicholas, P., Nutting, Perkins, Peterson, Ross, Rothfuss, Schiffer, Scott and Von Flatern

Ayes 30    Nays 0    Excused 0    Absent 0    Conflicts 0

 

2/16/2012   S07 Recommended Amend and Do Pass

 

ROLL CALL

Ayes:  Senator(s) Case, Hines, Johnson, Martin and Scott

Ayes 5    Nays 0    Excused 0    Absent 0    Conflicts 0

 

2/16/2012   S Placed on General File

 

SF0067SS001/ADOPTED

Page 2-line 14          After "This" insert "is an"; after "opinion" insert "of price and".

Page 2-line 15          Before "appraisal" delete "an" and insert "a certified"; after "If" insert "such".  CASE, CHAIRMAN

 

2/17/2012   S Passed CoW

2/20/2012   S Passed 2nd Reading

 

SF0067S3001/FAILED

Page 1-line 2           Delete "value" insert "price".

Page 1-line 10          Delete "value" insert "price".

Page 1-line 13      Delete "or".

Page 1-line 14      Delete "value".

Page 3-line 5       Delete "or value".  PERKINS

 

2/21/2012   S Passed 3rd Reading

 

ROLL CALL

Ayes:  Senator(s) Anderson, Barnard, Bebout, Burns, Case, Christensen, Coe, Cooper, Dockstader, Driskill, Emerich, Esquibel, F., Geis, Hastert, Hicks, Hines, Jennings, Landen, Martin, Meier, Nicholas, P., Nutting, Perkins, Peterson, Ross, Rothfuss, Schiffer, Scott and Von Flatern

Nays:  Senator(s) Johnson

Ayes 29    Nays 1    Excused 0    Absent 0    Conflicts 0

 

2/22/2012   H Received for Introduction

2/23/2012   H Introduced and Referred to H07

2/29/2012   H07 Recommended Amend and Do Pass

 

ROLL CALL

Ayes:  Representative(s) Blikre, Byrd, Jaggi, Kroeker, Stubson and Zwonitzer, Dn.

Nays:  Representative(s) Illoway, Patton and Roscoe

Ayes 6    Nays 3    Excused 0    Absent 0    Conflicts 0

 

2/29/2012   H Placed on General File

 

SF0067HS001/ADOPTED  (CORRECTED COPY)  (TO ENGROSSED COPY)

Page 1-Above line 1     In the catch title delete "value" insert "price".

Page 1-line 2           Delete "value" insert "price".     

Page 1-line 3           After "language;" insert "providing a definition;".

Page 1-line 10          Delete "value" insert "price".

Page 1-line 13          Delete "an opinion regarding the price or".

Page 1-line 14          Delete through "estate" insert "a broker's price opinion".

Page 2-lines 7 through 12     Delete entirely and insert:

"(iii)  To any third party, for any purpose permitted by law."

Page 2-line 14          Delete "broker or sales agent" insert "broker's price".

Page 2-line 21          After "W.S." insert "33‑28‑102(b) by creating a new paragraph (lxii) and by renumbering (lxii) as (lxiii) and"; delete "is" insert "are".

Page 2-after line 21    Insert:

"33‑28‑102.  Definitions.

(b)  As used in this act:

(lxii)  "Broker's price opinion" means an estimate prepared by a licensee that details the probable selling price of real estate and provides a varying level of detail about the real estate's condition, market and neighborhood and information about sales of comparable real estate;

(lxii)(lxiii)  "This act" means W.S. 33‑28‑101 through 33‑28‑401.". 

Page 3-line 7           Delete "or value". ILLOWAY, CHAIRMAN

 

SF0067HW001/ADOPTED  (TO ENGROSSED COPY)

Page 1-above line 1     Delete the standing committee amendment (SF0067HS001/AE) to this line and further amend as follows: in the catch title after "brokers" delete balance of the line and insert "price opinions.".

Page 1-line 1           Delete "brokers and sales agents" insert "licensees". 

Page 1-line 3           Delete the standing committee amendment (SF0067HS001/AE) to this line and further amend as follows: after "language;" insert "providing definitions;".

Page 1-line 10          Delete the standing committee amendment (SF0067HS001/AE) to this line and further amend as follows: delete "Opinions on value of real estate" insert "Broker's price opinions".

Page 1-line 12          After "(a) A" delete balance of the line.

Page 1-line 13          Delete "this state" insert "licensee".

Page 2-line 21          Delete the standing committee amendment (SF0067HS001/AE) to this line and further amend as follows: after "W.S." insert "33‑28‑102(b)(xlv)(intro), (M), (N), by creating a new subparagraph (O), by creating a new paragraph (lxii) and by renumbering (lxii) as (lxiii) and"; delete "is" insert "are".

Page 2-after line 21    In the house standing committee amendment to this line, before paragraph (lxii) created by that amendment, insert:

"(xlv)  "Real estate activity" occurs when an individual for another and for compensation performs any one or more of the following:

(M)  Assists or directs in the negotiation of any transaction calculated or intended to result in the sale, exchange, lease or rental of real estate; or

(N)  Deals in time shares;.

(O)  Provides a broker's price opinion as provided in W.S. 33‑28‑125.".

Page 3-line 6           Delete "broker or sales agent" insert "licensee".  STUBSON

 

3/1/2012    H Passed CoW

 

SF0067H2001/FAILED  (TO ENGROSSED COPY)

Page 1-line 4           After "amendments;" insert "amending grounds for discipline of licensees as specified;".

Page 2-line 21          Delete the Stubson committee of the whole amendment (SF0067HW001/AE) and the standing committee amendment (SF0067HW001/ACE) to this line and further amend as follows: after "W.S." insert "33‑28‑102(b)(xlv)(intro), (M), (N), by creating a new subparagraph (O), by creating a new paragraph (lxii) and by renumbering (lxii) as (lxiii), 33‑28‑111(a) by creating a new paragraph (xxxiv) and"; delete "is" insert "are".

Page 2-after line 21    After the Stubson committee of the whole amendment (SF0067HW001/AE) and the standing committee amendment (SF0067HW001/ACE) to this line, insert:

"33‑28‑111.  Censure of licensee and suspension or revocation of license; grounds.

(a)  The commission shall upon a written sworn complaint or may upon its own motion investigate the actions of any licensee conducting real estate activity regarding real estate located in Wyoming, impose an administrative fine not to exceed two thousand five hundred dollars ($2,500.00) for each separate offense and may censure a licensee, place a licensee on probation and set the terms of probation, suspend or revoke any license issued under this act for any of the following:

(xxxiv)  Acting with gross negligence in regard to the accuracy of a broker's price opinion issued pursuant to W.S. 33‑28‑125.".  GINGERY

 

3/2/2012    H Passed 2nd Reading

3/5/2012    H Passed 3rd Reading

 

ROLL CALL

Ayes:  Representative(s) Barbuto, Blake, Blikre, Bonner, Brown, Burkhart, Byrd, Campbell, Cannady, Connolly, Craft, Esquibel, K., Freeman, Greear, Greene, Harshman, Harvey, Illoway, Jaggi, Kasperik, Kroeker, Krone, Lockhart, Loucks, Lubnau, Madden, McOmie, Moniz, Nicholas, B., Pedersen, Petersen, Steward, Stubson, Throne, Wallis, Zwonitzer, Dn. and Zwonitzer, Dv.

Nays:  Representative(s) Berger, Botten, Brechtel, Buchanan, Childers, Davison, Edmonds, Eklund, Gay, Gingery, Hunt, McKim, Patton, Peasley, Petroff, Quarberg, Reeder, Roscoe, Semlek, Teeters and Vranish

Excused:  Representative(s) Goggles and Miller

Ayes 37    Nays 21    Excused 2    Absent 0    Conflicts 0

 

3/5/2012    S Received for Concurrence

3/5/2012    S Did Concur

 

ROLL CALL

Ayes:  Senator(s) Anderson, Barnard, Bebout, Burns, Christensen, Coe, Cooper, Dockstader, Driskill, Emerich, Geis, Hicks, Hines, Jennings, Landen, Martin, Meier, Nutting, Perkins, Ross, Schiffer, Scott and Von Flatern

Nays:  Senator(s) Case, Esquibel, F., Hastert, Johnson, Nicholas, P., Peterson and Rothfuss

Ayes 23    Nays 7    Excused 0    Absent 0    Conflicts 0

 

3/6/2012    Assigned Number SEA No. 0031

3/6/2012    S President Signed SEA No. 0031

3/6/2012    H Speaker Signed SEA No. 0031

3/9/2012    Governor Signed SEA No. 0031

3/12/2012   Assigned Chapter Number

 

Chapter No. 0068  Session Laws of Wyoming 2012