Bill Summary for H 422 (2023-2024)
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Summary date:
Apr 4 2023
S.L. 2023-117
Bill Information:
View NCGA Bill Details | 2023-2024 Session |
AN ACT TO PROHIBIT UNFAIR REAL ESTATE SERVICE AGREEMENTS FOR RESIDENTIAL REAL ESTATE.Intro. by K. Hall, Miller, Blackwell, Alston.
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Bill summary
House committee substitute to the 2nd edition makes the following changes.
Amends new 93A-85.2, which prohibits unfair real estate service agreements, to add an exemption for declarations created pursuant to GS Chapter 47A (Unit Ownership), Chapter 47C (North Carolina Condominium Act), or Chapter 47F (North Carolina Planned Community Act).
Amends new GS 93A-85.3, which prohibits the recording of an unfair real estate service agreement, to eliminate the provision which authorized the register of deeds to refuse to accept an unfair real estate service agreement, or notice or memorandum thereof, for recordation.