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Bill would bar long exclusive ‘‘service agreements’’ that lock homeowners into future listings
2322324 · February 4, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.
Summary
House Bill 5185 would bar real-estate service agreements that the sponsor and advocates say are unfair to homeowners and can restrict refinancing or transfers.
House Bill 5185 would prohibit residential real-estate service agreements that the sponsor and advocates characterized as unfair to homeowners, particularly older owners. Chairwoman Donovan told the House Judiciary Committee that agreements offering upfront cash in exchange for exclusive listing…
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