1.1 	A bill for an act
1.2 	relating to housing; prohibiting sellers of single-family homes from accepting 
1.3 	offers from persons other than owner-occupants, nonprofit organizations, or 
1.4 	government entities for the first 14 days of the listing;proposing coding for new 
1.5 	law in Minnesota Statutes, chapter 500.
1.6 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.7 	Section 1. [500.40] SINGLE-FAMILY RESIDENCE SALE; PROHIBITION ON 
1.8 	ACCEPTANCE OF CERTAIN BIDS FOR 30 DAYS.
1.9 	(a) Notwithstanding any law to the contrary, a seller, or an agent representing the seller, 
1.10 	who lists a single-family residence for sale must not accept an offer to purchase the residence 
1.11 	from any person for the first 14 days of the listing, other than from:
1.12 	(1) a natural person who intends to be an occupant of the residence;
1.13 	(2) a nonprofit organized under chapter 317A; or
1.14 	(3) a government entity, as defined in section 13.02, subdivision 7a.
1.15 	(b) For purposes of this section, "single-family residence" means a free-standing 
1.16 	single-dwelling residential structure intended for occupancy by at least one owner.