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1 legislative bill tracked for real estate wholesalers & investors
Medium Risk
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HB2747Enacted — In ForceIn force since Sep 24, 2022 Medium Risk
Wholesale real estate buyers; disclosure
Summary
- HB2747 requires wholesale real estate buyers to provide specific disclosures to potential buyers regarding their role in the transaction
- This aims to ensure transparency in wholesale transactions and protect consumers from potential misunderstandings
What This Means for Wholesalers
- For real estate wholesalers, this bill means they must now disclose their status as contract assignors to buyers, which could affect how they market properties
- Failure to comply with these disclosure requirements may lead to legal repercussions
disclosure required
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