A requirement to specify whether a form relates to a land surveyor’s inspection of real estate in certain real estate commission-approved forms.
BILL SUMMARY
As part of the bill, the real estate commission is required to promulgate rules requiring that certain commission-approved forms for closing statements inform buyers or tenants whether a real estate transaction is based on a land survey plat or an improvement location certificate.
Improvement location certificates cannot be construed as land survey plats or improvement survey plats under current law. Real estate documents and forms shall not designate or construe a commission-approved closing-statement form as a land or improvement survey plot.
