CONSUMERS/PROTECTION: Provides for disclosure of hidden fees or conditions in real estate transactions

HB 580 requires real estate brokers and sellers in Louisiana to disclose all fees and conditions upfront during residential property sales or leases. It specifically prohibits hiding fees that are only revealed after a prospective buyer pays an application fee, treating such delays as deceptive. The bill applies to transactions involving single-family homes or small apartment buildings (1-4 units). Real estate professionals must now clearly state all costs before a buyer commits financially, aiming to prevent hidden charges. This creates a concrete requirement for transparency in residential real estate transactions.