Bill
HD 4094
Overview: HD 4094, "An Act relative to fairness in home sales", is a proposed bill introduced on November 29, 2025.Purpose and Intent: The primary goal of this bill is to address c
Overview: HD 4094, "An Act relative to fairness in home sales", is a proposed bill introduced on November 29, 2025.
Purpose and Intent: The primary goal of this bill is to address concerns about fairness and transparency in the residential real estate market, particularly regarding the treatment of first-time and low-income homebuyers.
Key Provisions:
- Requires real estate agents and sellers to disclose any cash offers or non-traditional financing arrangements received for a property, as well as the final sale price, to all prospective buyers.
- Prohibits the use of "escalation clauses" in home purchase contracts, which can price out lower-income buyers.
- Establishes a state-run First-Time Homebuyer Assistance Program to provide down payment and closing cost support for eligible individuals and families.
- Directs the state's real estate regulatory agency to develop and enforce a code of conduct for real estate professionals, with penalties for unfair or deceptive practices.
Affected Parties and Impacts:
- First-time and low-income homebuyers would benefit from increased transparency and access to financial assistance.
- Real estate agents and sellers would be required to disclose more information and adhere to new rules regarding the sales process.
- The state's real estate regulatory agency would be responsible for overseeing and enforcing the new requirements.
- The general public would benefit from a more equitable and transparent residential real estate market.
Procedural and Timeline Considerations:
The bill has been introduced in the state legislature and is currently under consideration by the relevant committees. If passed, the provisions would need to be implemented over the course of 12-24 months, with the disclosure requirements and First-Time Homebuyer Assistance Program likely taking effect first.
Compiled from official sources — confirm details with the bill’s official record.
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