1659 AMH APPE CORD 1

HB 1659 ‑ H AMDS 355 FAILED 3/14/95

By Representative Appelwick

     On page 3, line 27, beginning with "Unless" strike all material through "made, the" on line 29 and insert "The"

     On page 3, line 30, after "following" insert "and may not be waived"

     On page 5, line 20, beginning with "Unless" strike all material through "made, the" on line 22 and insert "The"

     On page 5, line 23, after "following" insert "and may not be waived"

     On page 7, beginning on line 17, after "buyer/tenant" strike all material through "obligations" on line 20 and insert ". The duties and obligations of a dual agent are limited to the following and may not be waived"

EFFECT:  Duties of an agent to the seller, duties of an agent to the buyer, and duties of a dual agent when buying and selling real estate, are limited to those duties set out in statute.  These duties would replace common law duties applied to principal and agent in real estate matters.  This amendment would not allow these statutory duties to be changes or eliminated.