This bill will require transient rentals to use licensed Real Estate Agents to manage rentals. Agents charge 25% or more, and will create a monopoly for agents and price fixing potentially. This discriminates against individual owners.
Bill info: Transient accommodations; nonresident owners. (a) Any nonresident owner who rents or offers rental property as a transient accommodation for periods of thirty days or less shall rent or offer to rent the rental property through a real estate broker or salesperson licensed under chapter 467. Any real estate broker or salesperson authorized under an agreement with a nonresident owner to collect rent on behalf of the nonresident owner shall be subject to the requirements of 12 sections 237—30.5, 2370—6, and 2370—8.5.