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Committee clears real-estate disclosure bill adding historic-district and easement notices and clarifying escrow rules

5851801 · March 12, 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 1347 would add two items to the statutorily required seller's residential disclosure—whether a property lies in a locally designated historic district and whether a conservation or preservation easement encumbers the property—and clarifies that brokers must maintain trust accounts for earnest money. The panel adopted an alignment

Representative Clare presented House Bill 1347, which would add two items to the statutorily prescribed seller’s residential disclosure and clarify broker trust-account requirements. The proposed disclosure additions are (1) whether the property is located in a locally designated historic district, which may subject exterior changes to review by a local preservation commission, and (2) whether the property is subject to a…

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