Real property transactions: Counties of Los Angeles and Ventura wildfires: unsolicited offers.
Vote required
Two Thirds
Fiscal committee
No
Appropriation
No
Current location
Chaptered
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill establishes new rules to protect homeowners in the Los Angeles and Ventura counties who were affected by wildfires in 2025. It prohibits buyers from making unsolicited offers to purchase property at less than its fair market value, as was done following the fires. The bill requires a written attestation from both the buyer and seller confirming compliance with this prohibition and mandates that this attestation be recorded with the deed. Violations of these rules can result in civil penalties and potential cancellation of purchase agreements.
Key provisions
- Prohibits unsolicited offers to purchase residential real property in specified ZIP codes in Los Angeles and Ventura counties.
- Requires a written attestation from buyer and seller confirming compliance with the prohibition.
- Mandates recording of the attestation with the deed.
- Defines ‘unsolicited offer to purchase’ with specific criteria, including public indication of willingness to sell.
- Allows sellers to cancel purchase agreements entered into in violation of the law.
- Establishes civil penalties for violations (up to $25,000 per violation).
- Creates misdemeanor offenses for violations, with potential fines and imprisonment.
- Specifies that a licensed real estate professional violating the provisions is subject to disciplinary action.
Who is affected
- Homeowners in Los Angeles and Ventura Counties
Bill text
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Sponsors
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1 on record
Primary sponsor
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