Establishes certain requirements if purchasing and reselling same single-family home within one year of receiving certificate of occupancy.

This bill requires homeowners who buy, renovate, and resell a single-family home within one year of receiving its certificate of occupancy (called "short-term resellers") to follow specific rules. It mandates that these resellers hold 5% of the sale price (minimum $10,000) in escrow for four months after sale, to cover repairs if renovations violated building codes. Resellers must also provide a property condition disclosure to buyers and certify they lived in the home during renovations. These provisions directly affect quick home flippers who renovate and resell properties rapidly, aiming to protect buyers from undisclosed defects in renovation work.