SB 36
Modifies provisions relating real estate
Sponsor:
LR Number:
0683S.03T
Last Action:
7/11/2019 - Signed by Governor
Journal Page:
Title:
CCS HCS SB 36
Calendar Position:
2
Effective Date:
August 28, 2019
House Handler:

Current Bill Summary

CCS/HCS/SB 36 - This act modifies provisions relating to real estate.

IMMUNITY OF REAL ESTATE LICENSEES (Section 339.190)

This act expands the immunity of real estate licensees to include information about the size or area of a property or of improvements to property if the information was from a third party and the source is disclosed by the licensee prior to an offer to purchase being transmitted to the seller. However, such licensee shall not have immunity if he or she knew the information was false, or acted with reckless disregard as to whether such information was true or false.

This provision is identical to HCS/HB 106 (2019), HCS/SB 164 (2019), and SS/SB 920 (2018), is substantially similar to a provision contained in SCS/HB 705 (2019) and HB 1183 (2019), and is similar to HB 1954 (2018).

PROPERTY DESCRIPTIONS (Section 442.135)

Under this act, if a property is subdivided and a new property description is created, such description shall include the name and professional license number of the person that created the property description.

This act prohibits any person from submitting for recording, a conveyance of any property unless the property description receives such information.

This provision is identical to HCS/HB 770 (2019), a provision contained in HCS/SB 164 (2019), and a provision contained in HCS/SB 204 (2019).

JOSIE BUTLER