Bill Summary for H 797 (2025-2026)
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Summary date:
Apr 30 2025
Bill Information:
| View NCGA Bill Details(link is external) | 2025-2026 Session |
AN ACT TO MAKE VARIOUS CHANGES TO THE NORTH CAROLINA REAL ESTATE LICENSE LAW TO CLARIFY THAT RESIDENTIAL PROPERTY WHOLESALING AND RELATED TRANSACTIONS CONSTITUTE REAL ESTATE BROKERAGE ACTIVITY THAT REQUIRES LICENSURE AND TO PROVIDE HOMEOWNERS WITH A RIGHT TO CANCEL SUCH TRANSACTIONS.Intro. by Howard, Tyson, Biggs, K. Hall.
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Bill summary
House amendment to the 1st edition makes the following changes. Broadens the grounds for liability under new GS 93A-89.3 to include any violation of Article 8 of GS Chapter 93A (the Residential Property Wholesaling and We Buy Houses Homeowner Protection Act) (was, just for failures to provide homeowners the described right to cancel or engaging in listed violations). Makes conforming and technical changes.