North Carolina 2025 Session Status: In Committee 9 D cosponsors

SB 453 — Homebuyer Fairness and Protection Act.

Last action — Passed 1st Reading

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the Senate. Introduced March 24, 2025. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the Senate.

Prognosis

Stalled 26% · moderate confidence

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

  • In Committee

    Current position in the legislative process.

  • 9 sponsors

    2 primary, 7 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (9 D).

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Bill Text

What changed in the latest version

7 added · 8 removed

Plain-language change summary

The latest version of Senate Bill 453 includes the formal heading for the General Assembly of North Carolina that identifies it as part of the 2025 session. It also removes an earlier administrative note about the bill's filing. These changes help clarify the bill's status and ownership while removing unnecessary information, making it easier for the public to understand its purpose and progress.

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FILED SENATE GENERAL ASSEMBLY OF NORTH CAROLINA Mar 24, 2025 S.B.
GENERAL ASSEMBLY OF NORTH CAROLINA SESSION 2025 S 1 SENATE BILL 453 Short Title:
453 SESSION 2025 PRINCIPAL CLERK S D SENATE BILL DRS35184-NOa-33A Short Title:
A BILL TO BE ENTITLED AN ACT TO LIMIT THE AMOUNT OF DUE DILIGENCE FUNDS ALLOWED IN RESIDENTIAL REAL PROPERTY TRANSACTIONS AND TO APPROPRIATE FUNDS TO THE NORTH CAROLINA HOUSING COALITION TO BE USED TO SUPPORT HOMEBUYER EDUCATION SERVICES IN THIS STATE.
Rules and Operations of the Senate March 25, 2025 A BILL TO BE ENTITLED AN ACT TO LIMIT THE AMOUNT OF DUE DILIGENCE FUNDS ALLOWED IN RESIDENTIAL REAL PROPERTY TRANSACTIONS AND TO APPROPRIATE FUNDS TO THE NORTH CAROLINA HOUSING COALITION TO BE USED TO SUPPORT HOMEBUYER EDUCATION SERVICES IN THIS STATE.
*DRS35184-NOa-33A*
*S453-v-1*
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How this bill changes current law

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AI-generated reading aid from the bill's amendatory text — verify against the official bill.

The bill limits the maximum amount of due diligence funds required in residential real estate transactions and appropriates funds for homebuyer education services.

  • § 22B-30

    § 22B-30. Due diligence funds. (a) A seller of residential real property may not require, as a condition of acceptance of an offer to purchase real property, due diligence funds to be paid in an amount exceeding one percent (1%) of the purchase price contained in the offer to purchase. Any provision in a contract specifying an amount in excess of the amount provided in this section is void and unenforceable. (b) For the purposes of this section, the term 'due diligence funds' means nonrefundable funds to be paid directly to a seller of real property upon acceptance of an offer to purchase real property in exchange for the opportunity to further investigate the subject real property and transaction within an agreed-upon time period. (c) In an action to recover due diligence funds specified in a contract provision rendered void and unenforceable under this section, the seller is liable to the offeror for court costs and for attorneys' fees actually and reasonably incurred in the action.

    This establishes a cap on due diligence funds in real estate transactions and outlines the consequences of exceeding it.

  • There is appropriated from the General Fund to the Office of State Budget and Management the sum of ten million dollars ($10,000,000) in nonrecurring funds for the 2025-2026 fiscal year to be allocated in the form of a grant to the North Carolina Housing Coalition, Inc., a nonprofit corporation, to support homebuyer education in this State.

    This allocates funding for homebuyer education programs through the North Carolina Housing Coalition.

Action History

  1. Passed 1st Reading

  2. Ref To Com On Rules and Operations of the Senate

  3. Filed

Sponsors

Sponsorship breakdown

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2 sponsors · 7 co-sponsors · 170 not signed on

Sponsors (2)

Co-sponsors (7)

Not signed on (170)

170 members have not signed on to this bill.

Show all 170 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

housing
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors SB 453?
SB 453 is sponsored by Joyce Waddell (Democratic), DeAndrea Salvador (Democratic), Natalie S. Murdock (Democratic), Mujtaba A. Mohammed (Democratic), Michael Garrett (Democratic), Lisa Grafstein (Democratic), Woodson Bradley (Democratic), Terence Everitt (Democratic), and Kandie D. Smith (Democratic).
What is the current status of SB 453?
This bill is in committee in the Senate. Introduced March 24, 2025. It must pass committee before a floor vote.
Where can I track SB 453?
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Last checked for changes 3 months ago · updated continuously

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