Enact the Homebuyer Protection Act

HB 438, titled the Homebuyer Protection Act, requires real estate brokers and salespeople to provide sellers with a specific disclosure form before listing their homes for sale. This mandatory form outlines federal and state laws regarding anti-discrimination in the home-buying process and explains the penalties for violating these laws. Sellers must sign and date the disclosure to allow the property to be marketed, and agents must keep a copy of the signed document for at least three years. The bill also establishes a system where the state real estate superintendent can issue citations and fines for non-compliance, with automatic license suspension if the agent fails to meet citation requirements within thirty days.