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Delaware Legislative Bills

1 legislative bill tracked for real estate wholesalers & investors

High Risk

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SB201Passed High Risk

An Act To Amend Title 24 Of The Delaware Code Relating To Real Estate Brokers And Salespersons

Summary

  • The bill amends Delaware's real estate laws to require individuals engaged in wholesaling real estate to obtain a real estate license
  • It defines wholesaling and clarifies that marketing properties in this manner constitutes real estate brokerage, which must be performed by licensed brokers

What This Means for Wholesalers

  • This means that wholesalers in Delaware will now need to be licensed to operate legally, which could increase the barriers to entry for new wholesalers
  • Additionally, the bill aims to prevent excessive assignment fees that could harm sellers
license required
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Data sourced from state legislatures via LegiScan. Not legal advice. Always consult a licensed real estate attorney in your jurisdiction.