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Committee adopts amendment to Senate Bill 101 to bar long recorded listing agreements and expand consumer protections
Summary
The committee accepted an amendment to S.B. 101 to prohibit recorded multi-decade listing agreements and to cover personal-service contracts tied to property, with sponsors and industry groups cited as having agreed to the uniform language.
The House Judiciary Committee accepted an amendment to Amended Senate Bill 101 that sponsors said closes a loophole allowing brokerages to record long listing agreements attached to property and extends prohibitions to recorded personal-service agreements.
Representative Adam Matthews moved amendment 1317 and told the committee the change would stop practices where homeowners sign 40-year recorded listing agreements and would include agreements tied to personal services (lawn care, pest management, HVAC) that had previously been omitted from uniform language used by other states. Matthews said the language had been agreed upon with industry groups including the American Land Title Association, the National Association of Realtors, Mortgage Bankers, and AARP and that similar uniform language exists in more than 30 other states.
With no objections, the committee adopted the amendment by voice and noted written-only testimony from the Office of the Ohio Public Defender and others was added to the record.
Committee members did not take a final vote on the broader bill during the hearing; the accepted amendment was recorded as committee action.
