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Licensure clarification for closers (new law)

Published (5/25/2012)
By Lee Ann Schutz
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Some misplaced cross references in law significantly changed which entities would be exempted from licensure as a real estate broker when acting as a closing agent.

A new law, effective May 2, 2012, reinstates previous law. It exempts licensed attorneys and their direct employees from being licensed by the Department of Commerce as a real estate closing agent in order to handle real estate closings.

The law is sponsored by Rep. Pat Mazorol (R-Bloomington) and Sen. Scott Newman (R-Hutchinson).

HF2705*/ SF2340/CH260

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