As introduced, prohibits governmental entities from requiring right-of-way dedications from landowners with property located along an existing public right-of-way; authorizes governmental entities to require a right-of-way reservation as a condition of approving any proposed subdivision of property; clarifies that a real estate licensee has no duty to inform any party to a real estate transaction concerning a right-of-way reservation. - Amends TCA Title 13; Title 62 and Title 66.