MADIGAN,L. New Act Creates the Residential Real Estate Advertisement Act. Provides that when a builder, appraiser, or realtor advertises a residential property that he or she is building, appraising, selling, or leasing, the builder, appraiser, or realtor must comply with the National Association of Home Builders and the American National Standards Institute's standards for determining square footage of a residence. Provides a civil penalty of $1,000 per violation to be deposited into the General Revenue Fund. FEB-07-2002 S FIRST READING FEB-07-2002 S REFERRED TO SENATE RULES COMMITTEE RULES FEB-20-2002 S ASSIGNED TO COMMITTEE LICENSED ACT. FEB-28-2002 S POSTPONED MAR-07-2002 S POSTPONED MAR-07-2002 S COMMITTEE LICENSED ACT. MAR-08-2002 S RE-REFERRED TO RULES COMM/RULE 3-9(A) RULES JAN-07-2003 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary