Relating to mandatory sales price disclosure in commercial and industrial real property sales; providing a civil penalty.

HB 622 would require sellers of commercial and industrial real property (such as offices, factories, or warehouses) to disclose the sales price to buyers. Failure to provide this disclosure would result in a civil penalty, meaning a monetary fine. The bill aims to increase transparency in these transactions by making pricing information standard practice. Note: The full bill text is not currently available for detailed review.