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Subcommittee reviews draft to ban certain homeowner listing contracts; AARP and realtors seek tightened language
Summary
The Commerce and Consumer Affairs subcommittee reviewed an amendment targeting 'prohibited listing agreements' (homeowner listing contracts that impose lien or other problematic terms), heard AARP support, and asked for clarified statutory language and an amendment to be returned to the panel.
A subcommittee of the New Hampshire House Commerce and Consumer Affairs committee reviewed an amendment aimed at banning specific homeowner listing agreements that attach liens or other onerous terms to a residential sale listing. Mike Padmar, director of advocacy for AARP New Hampshire, told members the amendment "looks really good" and recommended a narrower definition to avoid ambiguity.
Why it matters: witnesses said older or vulnerable homeowners sometimes sign listing or service contracts that are confusing and can put title at risk. The amendment seeks to declare certain listing agreements…
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