HB 1177 Indiana House · 2025 Regular Session

Home ownership.

Summary
Provides that Indiana law regulating telephone sales calls applies to a telephone solicitation that: (1) is made by a telephone solicitor that is not a licensed real estate broker; and (2) communicates to a consumer: (A) an offer to purchase; (B) an offer to broker, or otherwise assist or act as an intermediary in, the sale of; or (C) an inquiry regarding the consumer's interest in selling; residential real property that was not publicly offered for sale, or advertised as being for sale, at any time during the 30 days preceding the date on which the telephone solicitation is made (unsolicited home purchase inquiries). Provides that a telephone solicitor that is not a licensed real estate broker may not make more than one unsolicited home purchase inquiry to the same consumer in a single calendar year. Provides that an investment firm may not enter into an executory contract for the purchase of a single family residence until not less than 90 days after the residence is listed for sale. Requires an investment firm to be represented by a licensed real estate broker who is not an employee of the investment firm or any of its subsidiaries to enter into an executory contract for the purchase of a single family residence. Makes a technical correction.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 8, 2025 Last action Jan 8, 2025
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1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Cherrish Pryor
Cherrish Pryor
DDemocratic
IN
94