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PA HB986
Bill
Status
5/7/2025
Primary Sponsor
Morgan Cephas
Click for details
AI Summary
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Real estate service agreements are void and unenforceable if they purport to run with the land, bind future property owners, create liens or security interests, or allow assignment without notifying the property owner
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Recording an unfair real estate service agreement is prohibited and constitutes a third-degree misdemeanor; any such recorded agreement provides no notice against bona fide purchasers or creditors
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Violations are deemed deceptive acts under Pennsylvania's Unfair Trade Practices and Consumer Protection Law
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Consumers may recover minimum damages of $5,000 (or $15,000 if age 60 or older), actual damages if greater, attorney fees, and are not required to repay money received from the provider
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Takes effect 60 days after enactment
Legislative Description
Providing for transparency in realty agreements; prohibiting unfair real estate service agreements; and imposing penalties.
Last Action
Referred to Urban Affairs & Housing
5/12/2025