Relating to the disclosure of information regarding a transfer on death deed in certain residential real property transactions.

HB 5642 requires real estate license holders (like agents and brokers) to provide written notice to home buyers about transfer on death deeds during initial discussions about purchasing specific residential properties. The notice must explain what these deeds are, their benefits, how they interact with wills, and the risks of dying without one or a deed. It also clarifies how buyers can execute such deeds at closing and the title company's role in the process. This applies to single-family homes, duplexes, triplexes, quadraplexes, and condo units. The notice must be delivered in writing via mail, email, or in person and include specific required content.