LRBa1517/3
MPG:jld&eev:jm
2013 - 2014 LEGISLATURE
SENATE AMENDMENT 1,
TO SENATE BILL 457
January 28, 2014 - Offered by Senator Olsen.
SB457-SA1,1,11 At the locations indicated, amend the bill as follows:
SB457-SA1,1,3 21. Page 3, line 18: delete "all transactions" and substitute "the listing
3agreement that is".
SB457-SA1,1,5 42. Page 3, line 18: after "agreement." insert "Each cooperative agreement may
5cover only one listing agreement.".
SB457-SA1,1,7 63. Page 6, line 18: delete "fined not more than $5,000 for each violation." and
7substitute "fined, for each violation, not more than the greater of the following:
SB457-SA1,1,88 1. Five thousand dollars.
SB457-SA1,1,109 2. For a sales transaction, 1 percent of the purchase price of the property subject
10to the cooperative agreement.
SB457-SA1,1,1211 3. For a lease or rental transaction, 1 percent of the total lease or rental value
12of the property subject to the cooperative agreement.".
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