realestate

Homebuyer Contract Bill Awaits Governor's Approval

Proposed Bill Restricts Real Estate Agents' Contracts to a Maximum of Three Months

T
he buyer-representation bill is currently under consideration in California, which would limit contracts with real estate agents to a three-month duration. This proposed law is significant because it differs from the National Association of Realtors’ court settlement enacted on Aug. 17, which mandates almost every home shopper to have such contracts. The bill is now on its way to the governor's desk for final approval.

California homebuyer contract bill awaiting governor's signature in Sacramento state capitol.