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HB 1113 IN

Purchase of single family residences.

IN · session 2024 · Assembly / House · bill

A state bill is a proposed law in a state legislature — separate from the U.S. Congress. Learn more →

Introduced Jan 8, 2024

Latest action (Jan 8, 2024) First reading: referred to Committee on Financial Institutions

Summary

Provides that an investment firm may not enter into an executory contract for the purchase of a single family residence until not less than 90 days after the residence is listed for sale. Requires an investment firm to be represented by a real estate broker who: (1) is licensed in Indiana; and (2) is not an employee of the investment firm or any of its subsidiaries; to enter into an executory contract for the purchase of a single family residence.

Sponsor (1)

Action history (2)
  1. Jan 8, 2024 Authored by Representative Pryor · lower
  2. Jan 8, 2024 First reading: referred to Committee on Financial Institutions · lower
Subjects
PROPERTY; Real EstateREAL ESTATE APPRAISERS, BROKERS, AND SALESPERSONS

Text versions (1)

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

  • Introduced House Bill (H) · PDF

Full text

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