HB 517: "An Act relating to real property transfers."

00HOUSE BILL NO. 517 01 "An Act relating to real property transfers." 02 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 03 * Section 1. AS 09.65 is amended by adding a new section to read: 04  Sec. 09.65.170. INNOCENT MISREPRESENTATIONS BY AGENTS IN 05 REAL PROPERTY TRANSACTIONS. The agent of a transferor or transferee is not 06 liable for an innocent misrepresentation in information provided to the transferor or 07 transferee in the transfer of an interest in real property if the agent does not have 08 personal knowledge of the error, inaccuracy, or omission that is the basis for the 09 misrepresentation. 10 * Sec. 2. This Act does not apply to causes of action that accrue before the effective date 11 of this Act.