Pennsylvania HB986 aims to ensure transparency in realty agreements by prohibiting unfair real estate service agreements and imposing penalties.

HB986, known as the Unfair Real Estate Service Agreements Act, prohibits the recording of unfair real estate service agreements in Pennsylvania. Such agreements are void and unenforceable, and recording them is a misdemeanor. The act allows consumers to seek civil action against real estate service providers for damages, including attorney fees, and allows courts to declare unenforceable agreements. It also ensures that recorded unfair agreements do not affect bona fide purchasers or creditors. The act does not alter existing real estate licensing laws.

Pennsylvania HB986 aims to ensure transparency in realty agreements by prohibiting unfair real estate service agreements and imposing penalties.

HB986, known as the Unfair Real Estate Service Agreements Act, prohibits the recording of unfair real estate service agreements in Pennsylvania. Such agreements are void and unenforceable, and recording them is a misdemeanor. The act allows consumers to seek civil action against real estate service providers for damages, including attorney fees, and allows courts to declare unenforceable agreements. It also ensures that recorded unfair agreements do not affect bona fide purchasers or creditors. The act does not alter existing real estate licensing laws.