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Committee approves amended bill allowing municipalities to use exclusive real-estate listings with notice and fair process
Summary
The committee amended and passed House Bill 1401 to permit political subdivisions to enter exclusive listing agreements for real property if the entity posts notice and follows an objective, public selection process; the committee approved the measure on a roll-call voice vote.
The House Industry, Business and Labor Committee approved House Bill 1401 as amended, a measure that would allow cities and other political subdivisions to enter exclusive real-estate listing agreements provided the seller posts public notice, follows an objective selection process, and requires disclosure of commission-sharing arrangements.
Representative Koppelman, who carried the amendment developed with the League of Cities and…
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