MS
Mississippi Legislative Bills
2 legislative bills tracked for real estate wholesalers & investors
Medium Risk
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HB1682Unknown Medium Risk
Wholesalers; require certain written disclosures for when purchasing residential real estate for transfer to third party purchaser.
Summary
- This bill requires wholesalers to provide certain written disclosures when they are purchasing residential real estate with the intention of transferring it to a third-party buyer
- The goal is to ensure transparency in the transaction process
What This Means for Wholesalers
- For real estate wholesalers, this means they will need to include specific disclosures in their contracts, which could increase their administrative responsibilities
- Failure to comply with these disclosure requirements may lead to legal repercussions
disclosure required
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SB2692Unknown Medium Risk
Real estate wholesale and industrial buying of residential real estate; bring forward code for possible revision.
Summary
- This bill seeks to bring forward existing laws regarding the wholesale and industrial buying of residential real estate in Mississippi for potential revisions
- The aim is to clarify or update regulations that govern these practices
What This Means for Wholesalers
- If the bill leads to revisions, it could impose new regulations on wholesalers, potentially requiring them to obtain a real estate license or adhere to stricter guidelines
- This may affect how wholesalers operate in the state, including their ability to assign contracts
license required
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