Bill Summary for H 422 (2023-2024)

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Summary date: 

Jun 14 2023

Bill Information:

View NCGA Bill Details2023-2024 Session
House Bill 422 (Public) Filed Tuesday, March 21, 2023
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).