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PRINTER'S NO. 862
THE GENERAL ASSEMBLY OF PENNSYLVANIA
SENATE BILL
No.
727
Session of
2017
INTRODUCED BY FONTANA, GREENLEAF, RESCHENTHALER, YUDICHAK, COSTA
AND HUGHES, MAY 19, 2017
REFERRED TO CONSUMER PROTECTION AND PROFESSIONAL LICENSURE,
MAY 19, 2017
AN ACT
Amending the act of February 19, 1980 (P.L.15, No.9), entitled
"An act establishing the State Real Estate Commission and
providing for the licensing of real estate brokers and
salesmen," in duties of licensees, further providing for
mandatory provisions of sales contract.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 608.2 of the act of February 19, 1980
(P.L.15, No.9), known as the Real Estate Licensing and
Registration Act, is amended to read:
Section 608.2. Mandatory provisions of sales contract.
In a sales agreement or sales contract, a broker shall
disclose the following information which shall be disclosed in
the manner and method the commission shall establish by
regulation:
(1) A statement identifying the capacity in which the
broker is engaged in the transaction and whether the broker
or any licensee affiliated with the broker has provided
services relating to the subject transaction to any other
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party to the transaction.
(2) A statement describing the purpose of the Real
Estate Recovery Fund established under section 801 and the
telephone number of the commission at which the parties to
the transaction can receive further information about the
fund.
(3) A statement of the zoning classification of the
property, except in cases where the property or each parcel
of the property, if subdividable, is zoned solely or
primarily to permit single-family dwellings. Failure to
comply with this requirement shall render the sales agreement
or sales contract voidable at the option of the buyer, and,
if voided, any deposits tendered by the buyer shall be
returned to the buyer without a requirement for court action.
(4) A statement that access to a public road may require
issuance of a highway occupancy permit from the Department of
Transportation.
(5) A statement indicating the buyer may elect to have
lead levels in water tested.
Section 2. This act shall take effect in 60 days.
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