HB 2009 Summary

• Amends Section 11-831 to add a ten-year lookback period for determining unlawful acting in concert to divide parcels into six or more lots, and requires applicants to acknowledge awareness of this prohibition in an affidavit.

• Modifies Section 32-2151.02 to require real estate employment agreements with buyers before they tour any dwelling, define compensation limits for buyer's brokers, and establish definitions for residential real estate and virtual tours.

• Amends Section 32-2181 to add a ten-year lookback period for unlawful acting in concert to subdivide lands and clarifies that real estate licensees must have knowledge that property is subdivided land subject to regulation.

• Clarifies that familial relationships alone do not constitute unlawful acting in concert in both land division and subdivision contexts.