CALIFORNIA LEGISLATURE 20192020 REGULAR SESSION Assembly Bill No. 892Introduced by Assembly Member HoldenFebruary 20, 2019 An act to amend Section 1087 of the Civil Code, relating to real property. LEGISLATIVE COUNSEL'S DIGESTAB 892, as introduced, Holden. Transfers of real property.The Real Estate Law establishes, within the Business, Consumer Services, and Housing Agency, the Department of Real Estate for the licensure and regulation of real estate brokers and salespersons. Existing law provides for the licensure of real estate appraisers by the Bureau of Real Estate Appraisers. Existing civil law governing agency listings for the transfer of certain property prohibits a listing from being placed in a multiple listing service (MLS), as defined, unless authorized or directed by the seller in the listing.This bill would make a nonsubstantive change to the provision that defines MLS.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO Bill TextThe people of the State of California do enact as follows:SECTION 1. Section 1087 of the Civil Code is amended to read:1087. A multiple listing service (MLS) is a facility of cooperation of agents and appraisers, operating through an intermediary that does not itself act as an agent or an appraiser, through which agents establish express or implied contracts for compensation between agents that are MLS participants in accordance with its MLS rules with respect to listed properties in a listing agreement, or that may be used by agents and appraisers, pursuant to the rules of the service, to prepare market evaluations and appraisals of real property.
CALIFORNIA LEGISLATURE 20192020 REGULAR SESSION Assembly Bill No. 892Introduced by Assembly Member HoldenFebruary 20, 2019 An act to amend Section 1087 of the Civil Code, relating to real property. LEGISLATIVE COUNSEL'S DIGESTAB 892, as introduced, Holden. Transfers of real property.The Real Estate Law establishes, within the Business, Consumer Services, and Housing Agency, the Department of Real Estate for the licensure and regulation of real estate brokers and salespersons. Existing law provides for the licensure of real estate appraisers by the Bureau of Real Estate Appraisers. Existing civil law governing agency listings for the transfer of certain property prohibits a listing from being placed in a multiple listing service (MLS), as defined, unless authorized or directed by the seller in the listing.This bill would make a nonsubstantive change to the provision that defines MLS.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO
CALIFORNIA LEGISLATURE 20192020 REGULAR SESSION
Assembly Bill No. 892
Introduced by Assembly Member HoldenFebruary 20, 2019
Introduced by Assembly Member Holden
February 20, 2019
An act to amend Section 1087 of the Civil Code, relating to real property.
LEGISLATIVE COUNSEL'S DIGEST
## LEGISLATIVE COUNSEL'S DIGEST
AB 892, as introduced, Holden. Transfers of real property.
The Real Estate Law establishes, within the Business, Consumer Services, and Housing Agency, the Department of Real Estate for the licensure and regulation of real estate brokers and salespersons. Existing law provides for the licensure of real estate appraisers by the Bureau of Real Estate Appraisers. Existing civil law governing agency listings for the transfer of certain property prohibits a listing from being placed in a multiple listing service (MLS), as defined, unless authorized or directed by the seller in the listing.This bill would make a nonsubstantive change to the provision that defines MLS.
The Real Estate Law establishes, within the Business, Consumer Services, and Housing Agency, the Department of Real Estate for the licensure and regulation of real estate brokers and salespersons. Existing law provides for the licensure of real estate appraisers by the Bureau of Real Estate Appraisers.
Existing civil law governing agency listings for the transfer of certain property prohibits a listing from being placed in a multiple listing service (MLS), as defined, unless authorized or directed by the seller in the listing.
This bill would make a nonsubstantive change to the provision that defines MLS.
## Digest Key
## Bill Text
The people of the State of California do enact as follows:SECTION 1. Section 1087 of the Civil Code is amended to read:1087. A multiple listing service (MLS) is a facility of cooperation of agents and appraisers, operating through an intermediary that does not itself act as an agent or an appraiser, through which agents establish express or implied contracts for compensation between agents that are MLS participants in accordance with its MLS rules with respect to listed properties in a listing agreement, or that may be used by agents and appraisers, pursuant to the rules of the service, to prepare market evaluations and appraisals of real property.
The people of the State of California do enact as follows:
## The people of the State of California do enact as follows:
SECTION 1. Section 1087 of the Civil Code is amended to read:1087. A multiple listing service (MLS) is a facility of cooperation of agents and appraisers, operating through an intermediary that does not itself act as an agent or an appraiser, through which agents establish express or implied contracts for compensation between agents that are MLS participants in accordance with its MLS rules with respect to listed properties in a listing agreement, or that may be used by agents and appraisers, pursuant to the rules of the service, to prepare market evaluations and appraisals of real property.
SECTION 1. Section 1087 of the Civil Code is amended to read:
### SECTION 1.
1087. A multiple listing service (MLS) is a facility of cooperation of agents and appraisers, operating through an intermediary that does not itself act as an agent or an appraiser, through which agents establish express or implied contracts for compensation between agents that are MLS participants in accordance with its MLS rules with respect to listed properties in a listing agreement, or that may be used by agents and appraisers, pursuant to the rules of the service, to prepare market evaluations and appraisals of real property.
1087. A multiple listing service (MLS) is a facility of cooperation of agents and appraisers, operating through an intermediary that does not itself act as an agent or an appraiser, through which agents establish express or implied contracts for compensation between agents that are MLS participants in accordance with its MLS rules with respect to listed properties in a listing agreement, or that may be used by agents and appraisers, pursuant to the rules of the service, to prepare market evaluations and appraisals of real property.
1087. A multiple listing service (MLS) is a facility of cooperation of agents and appraisers, operating through an intermediary that does not itself act as an agent or an appraiser, through which agents establish express or implied contracts for compensation between agents that are MLS participants in accordance with its MLS rules with respect to listed properties in a listing agreement, or that may be used by agents and appraisers, pursuant to the rules of the service, to prepare market evaluations and appraisals of real property.
1087. A multiple listing service (MLS) is a facility of cooperation of agents and appraisers, operating through an intermediary that does not itself act as an agent or an appraiser, through which agents establish express or implied contracts for compensation between agents that are MLS participants in accordance with its MLS rules with respect to listed properties in a listing agreement, or that may be used by agents and appraisers, pursuant to the rules of the service, to prepare market evaluations and appraisals of real property.