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House Bill 1372


House Bill 1372

ARCHIVE (2013)

Latest Information

 

DIGEST OF HB 1372 (Updated April 17, 2013 2:32 pm - DI 84)


Knowledge imputed to real estate broker. Provides that information concerning defects in a property that is contained in records of prior transactions maintained by a brokerage may not be imputed to a broker or affiliated licensee of the brokerage unless the broker or affiliated licensee had actual knowledge of any adverse material facts or risks. Bars a civil action against a broker or licensee for failure to disclose a defect if the action is based on imputed knowledge. Provides that a buyer may not invalidate a real estate transaction or a contract to purchase real estate due to the buyer's failure to sign a seller's disclosure statement form that has been received or acknowledged by the buyer.
Current Status:
 Law Enacted
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