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Alabama Legislative Bills
4 legislative bills tracked for real estate wholesalers & investors
High Risk
Last synced: 10h ago
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HB586In Committee
Alabama Real Estate Commission; license required for real estate wholesalers, real estate wholesalers and unsolicited real property solicitors must provide disclosures, Alabama Securities Commission, authorized to enforce, penalties imposed for violations
AI analysis pending…
HB357Introduced High Risk
Alabama Real Estate Commission; equitable interest transfers, disclosure and licensing requirements, penalties for violations
Summary
- HB357 proposes new regulations regarding the transfer of equitable interests in real estate, including disclosure and licensing requirements for those involved in such transactions
- It also establishes penalties for violations of these regulations
What This Means for Wholesalers
- This bill could significantly impact wholesalers by potentially requiring them to obtain a real estate license to assign contracts, as well as mandating disclosures about their equitable interests
- Failure to comply with these new requirements could result in penalties
license required
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SB228Enacted — In ForceIn force since Aug 1, 2023 Medium Risk
Relating to residential real estate transactions; to require buyers to make certain disclosures to homeowners and other interested parties that the buyer intends to engage aspects of a wholesale transaction; and to deem unenforceable certain unfair service agreements purporting to establish a long-term right to list between real estate companies and residential real estate owners; and in connection therewith would have as its purpose or effect the requirement of a new or increased expenditure of
Summary
- This bill requires buyers in residential real estate transactions to disclose their intention to engage in wholesale transactions to homeowners and other interested parties
- It also invalidates certain unfair long-term listing agreements between real estate companies and homeowners
What This Means for Wholesalers
- For wholesalers, this means they must now inform homeowners and interested parties about their wholesale intentions, increasing transparency in the transaction process
- Failure to disclose this information could lead to legal complications or unenforceable contracts
disclosure required
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SB246Introduced Medium Risk
Apr 7, 2026 View Full Legislative Bill
Consumer protection; unsolicited offers to purchase real estate, unfair service contracts, regulated
Summary
- This bill aims to regulate unsolicited offers to purchase real estate and address unfair service contracts to enhance consumer protection
- It seeks to establish guidelines that ensure transparency and fairness in real estate transactions
What This Means for Wholesalers
- For wholesalers, this bill could impose restrictions on how they make unsolicited offers to property owners, potentially requiring them to disclose certain information
- If enacted, wholesalers may need to adjust their marketing strategies to comply with new regulations
marketing restricted
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