To permit and require real estate brokerage firms to pay realtors leaving the commission they are entitled on open contracts.

Summary

The bill amends West Virginia’s real estate license law so that when a licensee leaves a brokerage, the former broker must forward any commissions earned on open contracts to the licensee. It also permits the licensee to be actively licensed with both the old and new brokerages for up to 60 days to receive those payments. This protects agents’ earned income and clarifies the payout process during broker changes.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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