Bill: Draft Realtor Excess Plot Compliance Act

[antonfr_]

CONGRESS OF THE
COMMONWEALTH OF REDMONT
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A BILL TO

Amend the Redmont Civil Code Act to Enforce Realtor Plot Exemption Compliance




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The people of the Commonwealth of Redmont, through their elected Representatives in the Congress and the force of law ordained to that Congress by the people through the constitution, do hereby enact the following provisions into law:


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PART I — PRELIMINARIES

1. Short Title and Enactment

(1) This Act may be cited as the ‘Realtor Excess Plot Compliance Act’

(2) This Act shall be enacted immediately upon its signage.

(3) This Act has been authored by Rep. antonfr_.

(4) This Act has been co-sponsored by Rep. RaiTheGuy07.

(5) This Act amends the following acts:

(a) Redmont Civil Code Act

2. Reasons and Intent

(1) Section 16(9) of the Property Standards Act allows realtors to exceed the standard plot limits by up to 5 plots provided these plots are for the purpose of resale within 30 days of purchase. However, currently nothing enforces compliance and realtors face no punishment for failing to comply with the 30 day limit.

(2) This bill amends the Redmont Civil Code Act to permit the eviction of plots that exceed plot limitations without a valid Realtor exemption.

3. Definitions

(1) For the purposes of this Act, the following definitions shall apply:

(a) Realtor.
A person who has the Realtor profession.

(b) Excess Plot.
Any plot held by a Realtor beyond the standard plot limitations that is covered only by the Realtor exemption under Section 16(9) of the Property Standards Act, and not by any other lawful entitlement.

PART II — AMENDMENTS

4. Amendments to Part VII, Section 8

(1) Part VII, Section 8 of the Redmont Civil Code Act shall be amended as follows:

8. Plot Limitations
Violation Type: Administrative
Remedy: Eviction; Administrative action
A person commits a violation if the person:
(a) owns more properties than allowed under plot limitations, without a valid Realtor exemption; and
(b) fails to divest themselves of excess plots within 7 days of exceeding the limitation. of:
(i) exceeding the applicable plot limitation; or
(ii) losing eligibility for a Realtor exemption, including by failing to resell excess plots within the time limit required by the law.
Relevant Law: Act of Congress - Property Standards Act