FT 27.9: Mandatory Home Inspection Act of 2023.

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SECTION 1. Title
This act shall be known as the "Mandatory Home Inspection Act of 2023."
SECTION 2. Purpose
1. The purpose of this act is to protect homebuyers by making home inspections mandatory prior to the sale of a residential property, and to require the seller to bear the cost of the inspection should a prospective buyer wish for one.
SECTION 3. Mandatory Home Inspections
1. Prior to the sale of any residential property should a prospective buyer requests one, the seller shall be required to obtain a home inspection from a qualified home inspector.
SECTION 4. Cost of Home Inspections
1. The cost of the home inspection shall be borne by the seller.
2. The seller shall provide a copy of the home inspection report to prospective buyers upon request.
3. If the prospective buyer chooses to have a separate inspection conducted, the seller shall not be responsible for the cost of the buyer's inspection.
SECTION 5. Disclosure of Home Inspection Results
1. The seller shall provide a copy of the home inspection report to the prospective buyer prior to the sale of the property.
2. If the home inspection report identifies any defects or safety hazards, the seller shall be required to disclose this information to the prospective buyer.
3. If the seller does not disclose the information required under this section, the buyer shall have the right to rescind the sale agreement.
SECTION 6. Penalties
1. Any seller who violates the provisions of this act shall be subject to a civil penalty of up to $15,000.
2. Any seller who knowingly provides false information in a home inspection report or fails to disclose defects or safety hazards shall be subject to a civil penalty of up to $30,000.
SECTION 7. Effective Date
1. This act shall take effect on January 1, 2024.

Sponsor: Ishan

The First Minister is recognized.

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This act requires sellers to have inspections on their properties before the sale of said property should any prospective buyer request one. This is so that buyers won't be borne with unexpected headaches after they buy the property.

[Ebowed]

Motion for final vote.

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24 hours to object.

[Continential]

Vote has been started

Aye

[AustralianSwingVoter]

Aye

[Ebowed]

Aye

[Zinneke]

Naye

[Continential]

SECTION 1. Title
This act shall be known as the "Mandatory Home Inspection Act of 2023."
SECTION 2. Purpose
1. The purpose of this act is to protect homebuyers by making home inspections mandatory prior to the sale of a residential property, and to require the seller to bear the cost of the inspection should a prospective buyer wish for one.
SECTION 3. Mandatory Home Inspections
1. Prior to the sale of any residential property should a prospective buyer requests one, the seller shall be required to obtain a home inspection from a qualified home inspector.
SECTION 4. Cost of Home Inspections
1. The cost of the home inspection shall be borne by the seller.
2. The seller shall provide a copy of the home inspection report to prospective buyers upon request.
3. If the prospective buyer chooses to have a separate inspection conducted, the seller shall not be responsible for the cost of the buyer's inspection.
SECTION 5. Disclosure of Home Inspection Results
1. The seller shall provide a copy of the home inspection report to the prospective buyer prior to the sale of the property.
2. If the home inspection report identifies any defects or safety hazards, the seller shall be required to disclose this information to the prospective buyer.
3. If the seller does not disclose the information required under this section, the buyer shall have the right to rescind the sale agreement.
SECTION 6. Penalties
1. Any seller who violates the provisions of this act shall be subject to a civil penalty of up to $15,000.
2. Any seller who knowingly provides false information in a home inspection report or fails to disclose defects or safety hazards shall be subject to a civil penalty of up to $30,000.
SECTION 7. Effective Date
1. This act shall take effect on January 1, 2024.

With three ayes and one nay - this Act passes.

x. The Op, First Minister.

Signing statement

This is a good measure which makes sure that prospective homebuyers are aware of what they are buying before everything else - making sure that prospective homebuyers know the faults of the property they are buying before anything else.