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AL HB230
Bill
Status
3/18/2025
Primary Sponsor
Randall Shedd
Click for details
AI Summary
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Clarifies that an agency relationship requires a written bilateral agency agreement and cannot be assumed or implied without one.
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Requires licensees to provide consumers with a written disclosure form describing available brokerage service types before providing services, with exceptions for open houses and rental/property management services.
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Specifies that a written brokerage agreement is required prior to a licensee listing a property for sale or submitting an offer on behalf of a consumer, but not required merely to show a property.
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Mandates that any referral agreement between real estate licensees must be in writing, and prohibits unlawful referral agreements.
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Becomes effective 30 days after enactment.
Legislative Description
Real estate transactions; required disclosures; description of brokerage services; terms of compensation; required written brokerage agreements under certain circumstances
Property & Estates
Last Action
Enacted
3/18/2025