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Idaho News


List your item for sale

Plan to force real estate price disclosure dies in committee

12:12 PM MDT on Thursday, March 27, 2008

Associated Press

BOISE - A House committee rang the death knell for efforts to force Idaho property buyers to tell county assessors what they paid for residential real estate.

House Revenue and Taxation Committee Republicans voted 9-5 Thursday to dump mandatory disclosure.

Assessors say valuing homes has grown tougher and tougher because some real-estate agents tell clients to obscure the sale price.

But Representative Dennis Lake said a separate bill that's already cleared both the House and Senate will accomplish what assessors want -- only on a voluntary basis by multiple listing services.

House Minority Leader Wendy Jaquet said that's not good enough, because not all homes for sale -- especially giant estates in the Sun Valley region -- are on the listing services.