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Pennsylvania Legislative Bills
2 legislative bills tracked for real estate wholesalers & investors
Medium Risk
Last synced: 6h ago
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HB600Introduced Medium Risk
Providing for regulation of housing wholesalers.
Summary
- This bill aims to establish regulations specifically for housing wholesalers in Pennsylvania
- It seeks to create a framework that governs how wholesalers operate within the real estate market
What This Means for Wholesalers
- If passed, this bill could require wholesalers to adhere to new regulations, potentially including licensing or registration
- This would significantly change how wholesalers conduct their business and may limit their ability to operate without oversight
license required
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SB1173Enacted — In ForceIn force since Jan 4, 2025 Medium Risk
In definitions, further providing for definitions; in application of the act and penalties, further providing for exclusions; and, in duties of licensees, providing for right to cancel sales agreements or sales contracts for wholesale transactions.
Summary
- This bill amends the Real Estate Licensing and Registration Act to clarify definitions and provide specific exclusions, as well as establish the right to cancel sales agreements for wholesale transactions
- It aims to regulate the activities of real estate licensees more effectively
What This Means for Wholesalers
- The bill's provisions regarding the right to cancel sales agreements may directly affect wholesalers by imposing new requirements or limitations on their transactions
- Wholesalers may need to be more cautious in their dealings to ensure compliance with the updated regulations
license required
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