This bill introduces new regulations regarding listing agreements in residential real estate transactions, specifically prohibiting certain types of contracts between real estate providers and property owners. It defines a "prohibited listing agreement" as any contract that includes terms such as binding future owners not party to the agreement, allowing assignment of brokerage services without owner consent, creating liens or encumbrances, or obligating owners to pay fees for sales not resulting from the provider's services. The bill establishes that any such prohibited agreements are unenforceable and cannot be recorded, and it provides a mechanism for affected parties to seek court orders to declare these agreements void.

Additionally, the bill allows parties with an interest in the residential real estate to recover damages, costs, and attorney's fees if a prohibited listing agreement is recorded. The new sections added to RSA 356-A include provisions that clarify the definitions of key terms and outline the rights of recovery for affected parties. The bill is set to take effect on January 1, 2026.