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1 legislative bill tracked for real estate wholesalers & investors
High Risk
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HB62Enacted — In ForceIn force since Jun 29, 2023 High Risk
AN ACT relating to real estate brokerage.
Summary
- HB62 amends Kentucky law to redefine 'real estate brokerage' to include the advertising of equitable interests in contracts for the purchase of real property
- It also restricts this type of advertising to licensed real estate brokers
What This Means for Wholesalers
- This bill significantly impacts wholesalers in Kentucky by requiring them to be licensed real estate brokers in order to advertise their equitable interests in contracts
- As a result, many wholesalers may need to obtain a real estate license to continue their business activities legally
license required
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