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Bills · 2023-2024 Regular Session

AB 407

Died at session end Official bill text Atom feed

Relating to: advertising real property as for sale by owner.

Advertisement Real property Real property — Agent or appraiser Reciprocity

  1. Introduced, stopped here
  2. Passes Assembly, not reached
  3. Passes Senate, not reached
  4. Governor signs, not reached
  5. Law, not reached

Unfamiliar terms? Glossary

What this bill does

Plain-language analysis by the nonpartisan Legislative Reference Bureau

Under current law, a licensed real estate broker may not advertise a property

unless the broker becomes the listing firm for the property or obtains consent to

advertise the property from the listing firm. This bill allows brokers to advertise real

property being sold directly by the owner without a listing agreement if the broker

enters into a written agreement with the property owner and the broker prominently

states in any advertisement that the property is for sale by owner, that the property

is being advertised at the property owner's request, and that the property is not

subject to a listing agreement with a listing firm.

Sponsors

Introduced by: Armstrong (R) , Behnke (R) , Macco (R) , Schmidt (R)

4 cosponsors

Knodl (R) , Nass (R) , Roys (D) , Stroebel (R)

Full history

  1. Sep 6, 2023 · Assembly

    Introduced by Representatives Armstrong, Behnke, Macco, O'Connor and Schmidt; cosponsored by Senators Stroebel, Knodl, Nass and Roys

  2. Sep 6, 2023 · Assembly

    Read first time and referred to Committee on Housing and Real Estate

  3. Feb 7, 2024 · Assembly

    Representative O'Connor withdrawn as a coauthor

  4. Apr 15, 2024 · Assembly

    Failed to pass pursuant to Senate Joint Resolution 1