Fabio
3.9 KiB
type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags
| type | title | description | jurisdiction | legislature | session | identifier | citation | classification | subjects | status | primary_sponsors | version_count | action_count | vote_count | first_action | last_action | source | source_identifier | source_url | source_hash | vintage | source_snapshot | retrieved_at | confidence | tags | |||||||
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| Bill | AN ACT TO AMEND TITLE 24 OF THE DELAWARE CODE RELATING TO REAL ESTATE BROKERS AND SALESPERSONS | Section 1 of the Act exempts an individual not engaged in the business of “wholesaling” real estate from needing to be a real estate licensee. The business of wholesaling is when someone enters into an Agreement of Sale as a buyer, then markets the property and assigns that agreement to a different buyer and collects a fee for that assignment. While this process is unobjectionable under certain circumstances, at other times, it is used as a means to charge an excessive assignment fee, which is “equity stripping” of money that should go to the seller. The Act makes clear that marketing properties this way is the brokerage of real estate and must be done by a real estate broker. This is based on similar laws in Pennsylvania. | us/states/de | Delaware General Assembly | 153 | SB 201 | Delaware SB 201 (153) |
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enacted |
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0 | 7 | 2 | 2025-07-01 | 2026-06-01 | openstates | ocd-bill/d49a263c-5666-4d11-bd99-177c94604aef | https://legis.delaware.gov/BillDetail?LegislationId=142673 | e25f63542ae755f6680ef569c5a1af1b564c70cd83057d9a79fe27d91cc92d67 | 2026-07-01 | https://data.openstates.org/daily/2026-07-01/public.pgdump | 2026-07-06 | reported |
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Delaware SB 201 (153) — AN ACT TO AMEND TITLE 24 OF THE DELAWARE CODE RELATING TO REAL ESTATE BROKERS AND SALESPERSONS
Section 1 of the Act exempts an individual not engaged in the business of “wholesaling” real estate from needing to be a real estate licensee. The business of wholesaling is when someone enters into an Agreement of Sale as a buyer, then markets the property and assigns that agreement to a different buyer and collects a fee for that assignment. While this process is unobjectionable under certain circumstances, at other times, it is used as a means to charge an excessive assignment fee, which is “equity stripping” of money that should go to the seller. The Act makes clear that marketing properties this way is the brokerage of real estate and must be done by a real estate broker. This is based on similar laws in Pennsylvania.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
Votes
- SM — 26–10 (pass) · lower
- SM — 20–0 (pass) · upper
Sponsors
- Kerri Evelyn Harris — primary (person)
- Spiros Mantzavinos — primary (person)
- William Bush — primary (person)
Timeline
The legislative action history — every referral, reading, and vote.
- 2025-07-01 Introduced and Assigned to Banking, Business, Insurance & Technology Committee in Senate
introduction, referral-committee - 2026-01-29 Reported Out of Committee (Banking, Business, Insurance & Technology) in Senate with 2 Favorable, 6 On Its Merits
committee-passage, committee-passage-favorable - 2026-03-26 Passed By Senate. Votes: 20 YES 1 ABSENT
passage - 2026-04-09 Assigned to Economic Development/Banking/Insurance & Commerce Committee in House
introduction, referral-committee - 2026-04-21 Reported Out of Committee (Economic Development/Banking/Insurance & Commerce) in House with 8 On Its Merits
committee-passage - 2026-05-14 Passed By House. Votes: 26 YES 10 NO 2 NOT VOTING 3 ABSENT
passage - 2026-06-01 Signed by Governor
executive-signature
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/d49a263c-5666-4d11-bd99-177c94604aef. Confidence: reported (aggregated from official Delaware legislature records).