Wholesaling Laws 2024
This document outlines the key requirements for wholesalers, governed by three statutory codes. Wholesalers must disclose their intention to wholesale the property to sellers and communicate that they are selling their equitable interest or contract rights, not the property itself, in all marketing materials. Failure to do so may result in fines from TREC. A suggested disclosure for use in a separate addendum to the TREC contract is provided to clarify the rights of the buyer regarding selling or assigning their contract rights.
Download this guide for a comprehensive understanding of the new wholesaling laws and best practices for compliance.