BILL NUMBER: AB 452	ENROLLED
	BILL TEXT

	PASSED THE ASSEMBLY  AUGUST 31, 2001
	PASSED THE SENATE  AUGUST 30, 2001
	AMENDED IN SENATE  JUNE 19, 2001
	AMENDED IN ASSEMBLY  APRIL 17, 2001

INTRODUCED BY   Assembly Member Correa

                        FEBRUARY 20, 2001

   An act to  add Section 11010.11 to the Business and Professions
Code, relating to real estate.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 452, Correa.  Real estate:  subdivisions.
   Existing law requires the Real Estate Commissioner to examine a
proposed subdivision and to issue, unless grounds for denial exist,
the subdivider a public report authorizing the sale or lease of the
lots or parcels within the subdivision.
   This bill would require, if the subdivision is used for
residential purposes, the commissioner's report to disclose that a
prospective buyer or the buyer's designee has the right to negotiate
property inspections with the seller under terms mutually agreeable
to both parties.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:


  SECTION 1.  Section 11010.11 is added to the Business and
Professions Code, to read:
   11010.11.  Notwithstanding any provision in the purchase contract
to the contrary, if the subdivision is to be used for residential
purposes, the subdivision public report shall disclose that a
prospective buyer has the right to negotiate with the seller to
permit inspections of the property by the buyer, or the buyer's
designee, under terms mutually agreeable to the prospective buyer and
seller.