Consumer protection; unsolicited offers to purchase real estate, unfair service contracts, regulated

SB 246 protects Alabama homeowners from unsolicited real estate offers by requiring sellers to include specific disclosures in written purchase proposals and allowing owners to opt out of further solicitations. The bill treats these unsolicited investment-oriented real estate offers as deceptive trade practices, giving homeowners the right to cancel certain contracts and mandating clear written notices about the nature of the offer. It authorizes the Alabama Securities Commission to investigate violations, enforce rules, and impose civil fines for both unsolicited real estate solicitations and unfair service agreements. This directly affects homeowners receiving such offers, particularly those who may face misleading or predatory practices from real estate investors.