New Hampshire has passed S.B. 164, which bans right-to-list agreements and makes them unenforceable. It prohibits recording these agreements in property records and imposes penalties for such actions. This law protects homeowners, particularly older adults, from deceptive real estate practices. The American Land Title Association has advocated for this legislation to safeguard homeowners' property rights. With 33 states enacting similar laws, this move helps ensure homeowners maintain control over their assets and avoid unwarranted transaction costs.
"The property rights of American homeowners must be safeguarded...to ensure there are no unreasonable restraints on a homeowner's ability to sell or refinance their home in the future due to unwarranted transaction costs."
"S.B. 164 was signed into law by New Hampshire Gov. Kelly Ayotte on Tuesday. The bill includes provisions that make right-to-list agreements unenforceable."
"This legislation is a critical step forward in protecting New Hampshire homeowners...from deceptive and predatory real estate practices."
"By prohibiting these unfair agreements, SB 164 helps ensure that Granite Staters can maintain control over one of their most important assets: their homes."
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