Nick Hinrichsen
- Democratic
- Senator
- District 3
Primary
The act states that, with certain exceptions, a broker engagement contract for the sale of a residential premises must not: Purport to be a covenant running with the land or to be binding on future owners of interests in the real property; Allow for assignment of the right to provide service without notice and agreement of the owner of the residential premises; or Purport to create a recordable lien, encumbrance, or other real property security interest. Any such lien, encumbrance, or other real property security interest is void and unenforceable. The act defines a "broker engagement contract" as a written contract in which a seller, buyer, landlord, or tenant of a residential premises becomes the client of a broker or agrees to retain the services of a broker in the future and promises to pay the broker a valuable consideration or agrees that the broker may receive a valuable consideration from another person in exchange for the broker producing a seller, buyer, tenant, or landlord ready, able, and willing to sell, buy, or rent the residential premises or for performing other services. A person that offers to a consumer a broker engagement contract that includes a prohibited provision commits an unfair or deceptive trade practice. APPROVED by Governor April 3, 2023 EFFECTIVE August 7, 2023 NOTE: This act was passed without a safety clause and takes effect 90 days after sine die. (Note: This summary applies to this bill as enacted.)
Governor Signed
Sent to the Governor
Signed by the Speaker of the House
Signed by the President of the Senate
House Third Reading Passed - No Amendments
House Second Reading Special Order - Passed - No Amendments
House Second Reading Special Order - Laid Over Daily - No Amendments
House Committee on Transportation, Housing & Local Government Refer Unamended to House Committee of the Whole
Introduced In House - Assigned to Transportation, Housing & Local Government
Senate Third Reading Passed - No Amendments
Senate Second Reading Passed with Amendments - Committee
Senate Committee on Local Government & Housing Refer Amended - Consent Calendar to Senate Committee of the Whole
Introduced In Senate - Assigned to Local Government & Housing
| Bill Text Versions | Format |
|---|---|
| Signed Act (04/03/2023) | |
| Final Act (03/24/2023) | |
| Rerevised (03/11/2023) | |
| Revised (03/10/2023) | |
| Reengrossed (02/22/2023) | |
| Engrossed (02/21/2023) | |
| Introduced (01/27/2023) | |
| PA1 (02/16/2023) | |
| Committee Amendment |
| Document | Format |
|---|---|
| Fiscal Note FN1 (02/06/2023) | |
| Fiscal Note FN2 (03/02/2023) | |
| Fiscal Note FN3 (06/27/2023) |
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