Bill Summary for H 422 (2023-2024)
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Summary date:
Jun 14 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
Senate committee substitute to the 3rd edition makes the following change. Amends new GS 93A-85.4 (classifying violations of new Article 7, Prohibition of Unfair Real Estate Service Agreements, as deceptive trade practices) to authorize any party aggrieved by the a violation of Article 7 (instead of any persons whose real property is encumbered by an unfair real estate service agreement) to bring a cause of action against the service provider and provides they are entitled to relief under GS Chapter 75 (Monopolies, Trusts and Consumer Protection).