Gov. Newsom signs bill limiting homebuyer sales contracts to 3 months

Gov. Newsom signs bill limiting homebuyer sales contracts to 3 months

2 months ago
Anonymous $genLyrxdTY

https://www.siliconvalley.com/2024/09/25/newsom-signs-bill-limiting-homebuyer-contracts-to-3-months/

Gov. Gavin Newsom signed a bill Tuesday, Sept. 24, limiting real estate contracts between homebuyers and their agents to three months, imposing a time limit on agreements that became mandatory last month under the National Association of Realtors’ commission lawsuit settlement.

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The new law will take effect on Jan. 1, making California one of at least 28 states with laws requiring home shoppers to have a buyer-representation agreement with their agents.

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