Wyoming Legislative Bills

Wyoming enacted the Real Estate Freedom Act (HB 0078) on March 1, 2024. This legislation explicitly permits contract assignments in real estate wholesaling without requiring additional licensing, making Wyoming one of the most permissive states for wholesalers.

The Act simplifies wholesaling by allowing investors to assign contracts freely with only a basic disclosure of assignment intent. This reduces regulatory hurdles and streamlines deal-making for real estate investors in Wyoming.

No. Under HB 0078, real estate wholesaling does not require additional licensing beyond standard real estate licensure. This makes Wyoming’s approach to wholesaling among the most flexible in the country.

Wholesalers must provide only a basic disclosure of their intent to assign the contract. This minimal disclosure requirement is designed to protect transparency while maintaining transactional efficiency.

Wyoming’s Real Estate Freedom Act is considered the most permissive wholesale legislation in the U.S., allowing contract assignments without cumbersome licensing and with minimal disclosure rules, unlike many states that have stricter regulations.

Yes. Since there is no additional licensing required for contract assignments, out-of-state real estate investors can participate in Wyoming’s wholesaling market easily, provided they follow standard legal and disclosure practices.

New investors should understand that Wyoming offers a streamlined process with minimal legal barriers. However, they must still use clear assignment disclosures and comply with all applicable contract laws to ensure ethical and legal transactions.

As of June 2024, HB 0078 is the latest significant legislation regarding real estate wholesaling in Wyoming. There are no known pending bills that would alter the current permissive framework.

Agents can facilitate assignments without requiring wholesalers to hold a real estate license, provided all disclosures are made and contracts comply with Wyoming law. This creates opportunities for collaboration between licensed agents and wholesalers.

Best practices include clearly disclosing assignment intent in contracts, maintaining transparent communication with all parties, and consulting with a real estate attorney to ensure compliance with HB 0078 and related laws governing contracts in Wyoming.