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AL HB230

Bill

Status

Passed

3/18/2025

Primary Sponsor

Randall Shedd

Click for details

Origin

House of Representatives

2025 Regular Session

AI Summary

  • Clarifies that an agency relationship requires a written bilateral agency agreement and cannot be assumed or implied without one.

  • 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.

  • 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.

  • Mandates that any referral agreement between real estate licensees must be in writing, and prohibits unlawful referral agreements.

  • 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

Committee Referrals

Banking and Insurance2/13/2025
Commerce and Small Business2/6/2025

Full Bill Text

No bill text available