§ 27-28-40 — Recordings of unfair real estate service agreements.

(A) Any recorded unfair real estate service agreement or notice or memorandum of an unfair real estate service agreement is void. (B) All the following shall apply to a recording that is void under subsection (A): (1) The recording shall not operate as a lien, encumbrance, or security interest. (2) No owner or buyer shall be required to record any document voiding the recording. (3) The recording shall not provide actual or constructive notice to any person interested in the residential real estate that is identified in the unfair real estate service agreement. (C) In addition to any other rights provided by law, any person with an interest in residential real estate identified by a recording that is void under subsection (A) may recover damages, costs, and attorney's fees that may be proved against the service provider named in the unfair real estate service agreement. Any actual damages, costs, and attorney's fees that are proved against the service provider are not offset by the consideration paid by the service provider to the owner or buyer of the residential real estate.

Legislative History

HISTORY: 2024 Act No. 165 (S.881), SECTION 1, eff May 20, 2024.