An Act establishing a first-time home buyers bill of rights

This bill establishes a "Bill of Rights" for first-time home buyers in Massachusetts by mandating that real estate agents and mortgage brokers provide a specific informational guide to prospective purchasers. The guide, created by the Massachusetts Housing Finance Agency, covers essential topics such as home inspections, lead paint disclosures, and the roles of various professionals involved in the buying process. Real estate agents must provide the guide during property sales unless no agents are involved, while mortgage brokers must provide it before pulling a credit report. Failure to distribute the required guide results in a fine of up to $100 for each violation.