February 27, 1999

Mr. President:

Your CORPORATIONS & TRANSPORTATION COMMITTEE, to whom has been referred

has had it under consideration and reports same with recommendation that it DO PASS, amended as follows:

1. On page 1, line 14, strike "CREATING THE REAL ESTATE COMMISSION FUND;".

2. On page 5, strike all of line 11 and strike line 12 through the comma.

3. On page 8, line 20, after "fund" strike the remainder of the line, strike all of line 21 and on line 22, strike "fund".

4. On page 14, lines 23 and 24, remove the brackets and line-through.

5. On page 14, line 24, strike "a" and strike line 25 up to the semicolon.

6. On page 15, lines 1 through 4, remove the bracket and line-through.

7. Renumber the succeeding paragraphs accordingly.

8. On page 15, line 8, remove the brackets and line-through and strike the underscored material.

9. On page 15, line 14, remove the brackets and line-through and strike the underscored material.

10. On page 15, line 22, remove the brackets and line-through and strike the underscored material.

11. On page 18, line 10, strike "licensed".

12. On page 21, line 4, strike "licensed".

13. On page 21, line 24, strike "licensed".

14. On page 22, line 4, strike "immediately" and insert in lieu thereof "within forty-eight hours".

15. On page 24, line 3, strike "an escrow or trustee" and insert in lieu thereof "a trust".

16. On page 24, line 23, after "possible" insert "after having secured signatures of all parties to the transaction".

17. On page 24, line 25, strike "custodial,".

18. On page 24, line 25, strike "or escrow".

19. On page 25, line 5, strike "licensed".

20. On page 25, line 9, strike "licensed".

21. On page 25, line 16, strike "licensed".

22. On page 25, line 23, strike "licensed".

23. On page 25, line 25, strike "licensed".

24. On page 27, line 10, strike "licensed".

25. On page 27, line 20, remove the brackets and line-through and strike the underscored material.

26. On page 28, line 5, after the semicolon insert "and".

27. On page 29, line 2, strike "; and" and insert in lieu thereof a period.

28. On page 29, strike lines 3 through 5 and strike line 6 up to the quotation mark.

29. On page 30, lines 21 and 22, strike Section 16 in its entirety.

30. On page 3, line 10, subparagraph (b) before "leases" insert "for consideration from another,",

and thence referred to the JUDICIARY COMMITTEE.

Respectfully submitted,

__________________________________

Roman M. Maes, Chairman

Adopted_______________________ Not Adopted_______________________

(Chief Clerk) (Chief Clerk)

Date ________________________

The roll call vote was 6 For 0 Against

Yes: 6

No: 0

Excused: Aragon, Kysar, McKibben, Robinson

Absent: None

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