Requires escrow agents to notify the state real estate department of pending real estate sales or transfers.
Requires an escrow agent to notify the state real estate department of pending real estate sales or transfers. The notice must include the names of all owners, the assessor parcel number, the mailing address of the actual property, the name of the escrow company, and the email address and phone number of a contact at the escrow company. The commissioner shall create and administer an early alert system that notifies a person of a pending sale or transfer of ownership of real estate. The early alert system is voluntary and exempt from public records.
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