HB1113: Purchase of single family residences.

Legislative Summary

Purchase of single family residences. 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 real estate broker who: (1) is licensed in Indiana; and (2) 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.