AN ACT PROHIBITING RESIDENTIAL REAL PROPERTY TRANSACTIONS THAT CONDITION THE SALE OF PROPERTY ON HOME INSPECTION LIMITATIONS.
HB 5173 prohibits residential real estate sellers from requiring buyers to waive or limit home inspections as a condition of sale. It also bars sellers from accepting offers if they know the buyer intends to skip an inspection. The bill directly affects home sellers and buyers in residential transactions by ensuring buyers retain their right to inspect properties before purchasing. Key provisions prevent sellers from using inspection waivers as leverage during negotiations or accepting offers based on such waivers. This changes standard real estate practice by mandating that home inspections remain a non-negotiable part of residential sales.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 14, 2025
Last action Jan 14, 2025
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No floor votes recorded yet.
Full legislative history
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Total actions
1
Key actions
0
Committee
1
Jan 14, 2025
Committee
REF. TO JOINT COMM. ON Insurance and Real Estate
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2 primary · 0 co-sponsors
Sponsors
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