AB 968 — Single-family residential property: disclosures.

Summary

Existing law requires that specified disclosures be made upon any transfer by sale, exchange, real property sales contract, lease with an option to purchase, any other option to purchase, or ground lease coupled with improvements, of any single-family residential property. Existing law, after July 1, 2022, requires that every contract for the sale of single-family residential real property contain a notice stating that any appraisal of the property is required to be unbiased, objective, and not influenced by improper or illegal considerations. This bill would require a seller of a single-family residential property who accepts an offer for the sale of the single-family residential property within 18 months from the date that title for the single-family residential property was transferred to the seller to disclose to the buyer specified information, including any room additions, structural modifications, other alterations, or repairs made to the property since title to the property was transferred to the seller that were performed by a contractor and the name of each contractor with whom the seller entered into a contract with for the room additions, structural modifications, other alterations, or repairs, as specified. The bill would alternatively authorize a seller to satisfy these obligations by providing a list of room additions, structural modifications, other alterations, or repairs performed by, and provided by, the contractor with whom the seller contracted for the room additions, structural modifications, other alterations, or repairs. The bill would require the seller to provide a copy of any permit for any room additions, structural modifications, other alterations, or repairs to the buyer or, if the seller contracted with a third party and was not provided with a copy of the permits, by informing the buyer that information on permits may be obtained from a third party and providing the third party's contact information. The bill would specify that these provisions apply to the sale of a single-family residential property where the seller accepts an offer from a buyer to purchase the property on or after July 1, 2024.

Bill Text

• Chaptered 07/21/23 - Chaptered Current pdf July 21, 2023
• Enrolled 07/05/23 - Enrolled pdf July 05, 2023
• Amended 06/22/23 - Amended Senate pdf June 22, 2023
• Amended 06/01/23 - Amended Senate pdf June 01, 2023
• Amended 03/29/23 - Amended Assembly pdf March 29, 2023
• Amended 03/20/23 - Amended Assembly pdf March 20, 2023
• Amended 03/02/23 - Amended Assembly pdf March 02, 2023
• Introduced 02/14/23 - Introduced pdf February 14, 2023
• AB968 View text html

Action History

1. July 21, 2023

   Chaptered by Secretary of State - Chapter 95, Statutes of 2023.

2. July 21, 2023

   Approved by the Governor.

3. July 11, 2023

   Enrolled and presented to the Governor at 3 p.m.

4. July 03, 2023

   Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 66. Noes 0. Page 2537.).

5. June 29, 2023

   In Assembly. Concurrence in Senate amendments pending. May be considered on or after July 1 pursuant to Assembly Rule 77.

6. June 29, 2023

   Read third time. Passed. Ordered to the Assembly. (Ayes 39. Noes 0. Page 1825.).

7. June 22, 2023

   Read second time and amended. Ordered to consent calendar.

8. June 21, 2023

   From committee: Amend, and do pass as amended. To Consent Calendar. (Ayes 11. Noes 0.) (June 20).

9. June 01, 2023

   From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on JUD.

10. May 03, 2023

    Referred to Com. on JUD.

11. April 20, 2023

    In Senate. Read first time. To Com. on RLS. for assignment.

12. April 20, 2023

    Read third time. Passed. Ordered to the Senate. (Ayes 73. Noes 0. Page 1267.)

13. March 30, 2023

    Read second time. Ordered to third reading.

14. March 29, 2023

    Read second time and amended. Ordered returned to second reading.

15. March 28, 2023

    From committee: Amend, and do pass as amended. (Ayes 9. Noes 0.) (March 28).

16. March 21, 2023

    Re-referred to Com. on JUD.

17. March 20, 2023

    From committee chair, with author's amendments: Amend, and re-refer to Com. on JUD. Read second time and amended.

18. March 06, 2023

    Re-referred to Com. on JUD.

19. March 02, 2023

    From committee chair, with author's amendments: Amend, and re-refer to Com. on JUD. Read second time and amended.

20. March 02, 2023

    Referred to Com. on JUD.

21. February 15, 2023

    From printer. May be heard in committee March 17.

22. February 14, 2023

    Read first time. To print.

Sponsors

• Timothy S. Grayson · Primary
• Alex Lee · Cosponsor

Votes

Subjects