What is the “Builder’s Bill”? The “Builder’s Bill” will help protect people who hire contractors by creating accountability in the construction industry. If passed into law, builders and contractors will be licensed in various categories, according to their skills.

What is builder's fee?

Typically, the fee is 1% of the sales price — $2,000 on a $200,000 home, $5,000 on a $500,000 home. It takes the form of a deed restriction that the property’s owners have no power to undo, and potentially reduces the home’s resale price.

What is a builder's contract?

A building contract is an agreement between a property owner and a contractor that outlines the construction or work to be done, usually the building or renovation of a home.