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S.F. No. 1739 - Property Management Real Estate Licensees
 
Author: Senator Benjamin A. Kruse
 
Prepared By: Christopher B. Stang, Senate Counsel (651/296-0539)
 
Date: February 10, 2012



 

This bill provides that a broker is not responsible for supervising, nor a licensee responsible for operating property management activities, so long as the real estate being managed is individually owned by the licensee or an entity the licensee holds an ownership interest in.

The act is effective the day following final enactment.

 

 

 

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