A bill revising state regulations for real estate activity passed the House of Representatives this morning (Friday).
House Bill 267 – sponsored by Juneau Republican Cathy Munoz – allows realtors to donate a portion of their commission to charity, or waive it altogether if they’re handling a transaction for a non-profit. The bill also clarifies that licensed assistants are only allowed to work at one brokerage to avoid the sharing of proprietary information. Finally, it lets the Alaska Real Estate Commission designate a licensee to close down a brokerage for medical or legal reasons if an authorized broker is not available to perform the task.
Munoz says the bill was requested by the Alaska Association of Realtors.
It unanimously passed the House and now heads the Alaska Senate.
- The South Korean Ministry of Defense noted the launch of "one unidentified missile," which Japanese officials say flew for about 45 minutes before landing in water. The Pentagon confirmed the launch.
- After a week of high drama, another played out in the early hours of Friday with Sen. John McCain joining two moderate Republicans, two independents and every Democrat in voting against the bill.
- The vote allows road projects and other construction to move forward. It was the only piece of business for the six-hour special session.