Bill Text: AL SB228 | 2023 | Regular Session | Engrossed
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Relating to residential real estate transactions; to require buyers to make certain disclosures to homeowners and other interested parties that the buyer intends to engage aspects of a wholesale transaction; and to deem unenforceable certain unfair service agreements purporting to establish a long-term right to list between real estate companies and residential real estate owners; and in connection therewith would have as its purpose or effect the requirement of a new or increased expenditure of local funds within the meaning of Section 111.05 of the Constitution of Alabama of 2022.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Passed) 2023-05-09 - Enacted [SB228 Detail]
Download: Alabama-2023-SB228-Engrossed.pdf
Bill Title: Relating to residential real estate transactions; to require buyers to make certain disclosures to homeowners and other interested parties that the buyer intends to engage aspects of a wholesale transaction; and to deem unenforceable certain unfair service agreements purporting to establish a long-term right to list between real estate companies and residential real estate owners; and in connection therewith would have as its purpose or effect the requirement of a new or increased expenditure of local funds within the meaning of Section 111.05 of the Constitution of Alabama of 2022.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Passed) 2023-05-09 - Enacted [SB228 Detail]
Download: Alabama-2023-SB228-Engrossed.pdf
