Allows real estate brokers to be licensed with two firms for 60 days after leaving one to collect commissions on open contracts.
This bill amends the West Virginia Real Estate License Act to allow real estate brokers to be actively licensed with two brokerage firms for up to 60 days after leaving one firm. This change enables brokers to receive commissions on open contracts from their previous firm while transitioning to a new one. The bill specifies that this dual licensing does not prevent brokers from sharing compensation between licensed firms.
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