Bills › 91st General Assembly
Relating to the purchase of single-family residences by certain business entities
Sponsored by Rep. Sean Bagniewski (D)
Where it is now
- Done: IntroducedJanuary 29, 2026
- Stopped: SubcommitteeDied when the General Assembly ended
- Next: House committeeFunnel: by February 20, 2026
- Next: Passes the House
- Next: Senate committeeFunnel: by March 20, 2026
- Next: Passes the Senate
- Next: To the Governor
- Next: Signed into law
Died when the session ended The 2026 session adjourned on May 3, 2026, the General Assembly’s last regular session. Bills that didn’t pass both chambers died. What’s a funnel?
What’s in it
AI summary Large investment companies would be stopped from buying single-family homes during the first 75 days a house is listed for sale. To make sure they follow this rule, these companies must provide a signed legal document to the county recorder when they buy a home. This law prevents these businesses from using smaller connected companies to get around the waiting period.1
Read the official explanation
This bill relates to the purchase of single-family homes by certain business entities. The bill defines “private equity entity” and “single-family residence”. The bill prohibits a private equity entity from purchasing, contracting to purchase, or otherwise acquiring a single-family residence during the first 75 days that the residence is listed for sale on the open market. The 75-day period begins on the date the residence is first listed through a multiple listing service, licensed real estate broker, or publicly accessible listing platform. The bill prohibits evasion of this restriction through subsidiaries, affiliates, or agents. The bill also requires a private equity entity to submit a sworn affidavit to the county recorder affirming that the acquisition complies with the 75-day restriction or is otherwise exempt under law. The county recorder is prohibited from recording a deed conveying a single-family residence to a private equity entity unless the affidavit accompanies the deed.