l9n/ Oregon

2024 Regular Session

House Bill 4058

Creates a residential property wholesaler registration.

Became law as Chapter 3, Oregon Laws 2024, signed March 7, 2024, 31 days after it was filed. In force from January 1, 2025.

What it does

The synopsis the Legislative Assembly published with the bill.

Digest: The Act adds laws about residential property wholesalers. The Act changes laws about real estate licensees. The Act adds new defined terms. The Act defines "future right to list contract" and states that a real estate licensee may not take certain actions if the contract lasts more than 24 months. (Flesch Readability Score: 67.2). Creates a residential property wholesaler registration. Prohibits residential property wholesaling without a registration. Provides exceptions. Punishes a violation by a maximum of 364 days' imprisonment, a $6,250 fine, or both. Creates civil penalties. Requires real estate licensees acting as buyer's agents to use a written buyer's representation agreement. Requires real estate licensees acting as seller's agents to use a written listing agreement. Requires real estate licensees to disclose shared compensation. Prohibits real estate licensees from entering into long-term agreements that require buyers or sellers to use their services in the future.

Sponsors

Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.

In the House of Representatives

12 co-sponsors

Jami Cate, Christine Goodwin, Jeffrey Helfrich, Bobby Levy, Virgle Osborne, Mark Owens, E. Werner Reschke, Boomer Wright, Dwayne Yunker, Cyrus Javadi, Pam Marsh, Brian Stout

In the Senate

3 co-sponsors

Tim Knopp, Deb Patterson, David Brock Smith

Its course

February 5 to March 12, 2024, on one scale. In the top row each mark is a day something happened; taller marks are busier days.

Each committee stop sits inside its chamber.

Every action20 actions on 13 days

In the House of RepresentativesFeb 5 to Feb 149 days

Waiting for a committeeFeb 5 to Feb 50 days

Housing and HomelessnessFeb 5 to Feb 149 days

In the SenateFeb 14 to Feb 2814 days

Waiting for a committeeFeb 14 to Feb 151 day

Housing and DevelopmentFeb 15 to Feb 2611 days

With the GovernorFeb 28 to Mar 78 days

Votes

Yeas to nays, as the Legislative Assembly recorded them. Committee votes are set in.

  • House of Representatives, third reading60–0

    Passed · Feb 14

  • Senate, third reading29–1

    Passed · Feb 28

Amendments

Each amendment offered, and what became of it.

  • House of Representatives committee amendmentAdopted

    Adopted Feb 14

Text

Each version as the Legislative Assembly printed it.

l9n doesn't hold this bill's text yet.

What happened

In l9n's words, one line for each step. Every action as the Legislative Assembly published it is below.

In the House of Representatives Feb 5 – Feb 14

  1. Feb 5Introduced
  2. Sent to Housing and Homelessness
  3. Feb 6Heard in Housing and Homelessness
  4. Feb 13Heard in Housing and Homelessness
  5. Feb 14Housing and Homelessness recommended it as amended
  6. Read a second time
  7. Passed the House of Representatives, 60 to 0

In the Senate Feb 15 – Feb 28

  1. Feb 15Arrived in the Senate
  2. Sent to Housing and Development
  3. Feb 20Heard in Housing and Development
  4. Feb 22Heard in Housing and Development
  5. Feb 26Housing and Development recommended it
  6. Read a second time
  7. Feb 28Passed the Senate, 29 to 1

To the Governor Mar 1 – Mar 12

  1. Mar 1Signed in the House of Representatives
  2. Signed in the Senate
  3. Mar 7Signed by the Governor
  4. Mar 12Became chapter 3 of Oregon Laws 2024, in force from January 1, 2025
All 20 actions, as published
  1. Feb 5First reading. Referred to Speaker's desk.House of Representatives
  2. Feb 5Referred to Housing and Homelessness.House of Representatives
  3. Feb 6Public Hearing held.House of Representatives
  4. Feb 13Work Session held.House of Representatives
  5. Feb 14Recommendation: Do pass with amendments and be printed A-Engrossed.House of Representatives
  6. Feb 14Second reading.House of Representatives
  7. Feb 14Rules suspended. Third reading. Carried by Breese-Iverson. Passed.House of Representatives
  8. Feb 15First reading. Referred to President's desk.Senate
  9. Feb 15Referred to Housing and Development.Senate
  10. Feb 20Public Hearing held.Senate
  11. Feb 22Work Session held.Senate
  12. Feb 26Recommendation: Do pass the A-Eng. bill.Senate
  13. Feb 26Second reading.Senate
  14. Feb 27Carried over to 02-28 by unanimous consent.Senate
  15. Feb 28Third reading. Carried by Anderson. Passed.Senate
  16. Feb 28Meek declared potential conflict of interest.Senate
  17. Mar 1Speaker signed.House of Representatives
  18. Mar 1President signed.Senate
  19. Mar 7Governor signed.House of Representatives
  20. Mar 12Chapter 3, (2024 Laws): Effective date January 1, 2025.House of Representatives