Test Drive Our New Site! We have some improvements in the works that we're excited for you to experience. Click here to try our new, faster, mobile friendly beta site. We will be maintaining our current version of the site thru the end of 2024, so you can switch back as our improvements continue.
Legislation Quick Search
07/24/2024 04:05 AM
Pennsylvania State Senate
https://www.legis.state.pa.us/cfdocs/Legis/CSM/showMemoPublic.cfm?chamber=S&SPick=20150&cosponId=19772
Share:
Home / Senate Co-Sponsorship Memoranda

Senate Co-Sponsorship Memoranda

Subscribe to PaLegis Notifications
NEW!

Subscribe to receive notifications of new Co-Sponsorship Memos circulated

By Member | By Date | Keyword Search


Senate of Pennsylvania
Session of 2015 - 2016 Regular Session

MEMORANDUM

Posted: March 1, 2016 12:51 PM
From: Senator Andrew E. Dinniman
To: All Senate members
Subject: Pennsylvania's Real Estate Licensing and Registration Act (SB 991)
 

Based on numerous constituent calls concerning the behavior of pipeline land agents, I have introduced Senate Bill 991 to amend Pennsylvania's Real Estate Licensing and Registration Act. The bill provides for the regulation of land agents through the following:

Defines Land Acquisition Broker as:

  • A person who acquires or manages oil, gas or mineral interests.
  • Performs title or contract functions related to the exploration, exploitation or disposition of oil, gas or mineral rights.
  • Negotiates for the acquisition or divestiture of oil, gas or other natural resources, including the acquisition or divestiture of land or oil, gas or mineral gas rights for a pipeline.
  • Negotiates business agreements that provided for the exploration for or development of oil, gas or minerals.

Requires Registration with the Pennsylvania Real Estate Commission, allowing for public access to a listing of registered agents

Requires criminal history background checks of brokers and provides the Commission with authority to revoke or suspend them for a number of reasons such as fraud or misrepresentation.

I hope you will join me in sponsoring this legislation.



Introduced as SB991