The proposed bill, if enacted, would amend existing statutes related to real estate, specifically addressing unlawful actions in subdividing land. It introduces a ten-year timeframe within which it is unlawful for individuals or groups to act in concert to divide a parcel of land into six or more lots or to sell or lease those lots. The bill clarifies that certain actions, such as familial relationships, well share agreements, road maintenance agreements, and the use of the same licensed contractor in smaller counties, do not constitute unlawful acting in concert. This aims to provide clearer guidelines for land division and prevent circumvention of subdivision laws.

Additionally, the bill modifies existing language to enhance clarity and enforceability. It specifies that an applicant must acknowledge the potential for investigation by the county or state real estate department regarding unlawful land division attempts. The bill also removes outdated provisions and adds new requirements for disclosures related to ownership interests and the location of public schools. Overall, these updates aim to streamline the process of land division while ensuring compliance with subdivision laws.

Statutes affected:
Introduced Version: 11-831, 32-2181
House Engrossed Version: 11-831, 32-2181