SB475 (2008) Detail

Relative to the definition of advance fees in the real estate practice act.


CHAPTER 130

SB 475 – FINAL VERSION

2008 SESSION

08-2751

10/05

SENATE BILL 475

AN ACT relative to the definition of advance fees in the real estate practice act.

SPONSORS: Sen. Gallus, Dist 1; Sen. Odell, Dist 8; Sen. Roberge, Dist 9; Sen. Gatsas, Dist 16; Rep. Carolyn Brown, Carr 1; Rep. Gionet, Graf 3; Rep. Kopka, Hills 26; Rep. Buco, Carr 1

COMMITTEE: Executive Departments and Administration

ANALYSIS

This bill excludes fees paid for electronic publication from the definition of advance fees in the real estate practice act.

This bill is a request of the New Hampshire real estate commission.

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Explanation: Matter added to current law appears in bold italics.

Matter removed from current law appears [in brackets and struckthrough.]

Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

08-2751

10/05

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Eight

AN ACT relative to the definition of advance fees in the real estate practice act.

Be it Enacted by the Senate and House of Representatives in General Court convened:

130:1 Real Estate Practice Act; Definition; Advance Fees. Amend RSA 331-A:2, I to read as follows:

I. “Advance fees” mean any fees charged for services including, without any limitation, any fees charged for listing, advertising, or offering for sale or lease any real property. Advance fees shall not include fees paid solely for advertisement in a newspaper or other publication of general circulation, including electronic publications.

130:2 Effective Date. This act shall take effect 60 days after its passage.

Approved: June 3, 2008

Effective Date: August 2, 2008