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Committee hears bill to exempt public and conservation buyers from 'we-buy' real-estate rules
Summary
Senate committee heard House Bill 2624 to expand an exemption for public entities, Indian tribes and nonprofit nature‑conservancy corporations from the state’s solicited-real-estate protections; sponsors say conservation purchases have longer timelines and special appraisal needs; small‑forest landowner groups warned of possible predatory outcomes if outreach is incomplete.
The Senate Business, Trade and Economic Development Committee on Feb. 18 heard House Bill 2624, a measure to expand an existing exemption in the state’s solicited‑real‑estate transaction law so that any public entity, an Indian tribe or a nonprofit nature‑conservancy corporation may solicit and acquire unlisted property without triggering certain owner protections.
Committee staff told members the current law gives solicited property owners rights including an appraisal, notice of the appraisal and the ability to cancel certain purchase contracts without penalty; the statute already exempts transactions when a buyer or seller is represented by a licensed real‑estate agent and…
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