The bill requires the real estate commission to promulgate rules requiring that
certain commission-approved forms closing-statement form s require notification to buyers or tenants as to whether a real estate transaction is based upon uses a land survey plat or an improvement location certificate.
Current law forbids designating or construing an improvement location certificate as being a land survey plat or improvement survey plat. The bill clarifies that a real estate
documents and forms shall not designate or construe such a certificate commission-approved closing-statement form is not designated or construed as being a land or improvement survey plat.
(Note: Italicized words indicate new material added to the original summary; dashes through words indicate deletions from the original summary.)
(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)