Never Wholesale With an Option in Wyoming
By Gren · September 18, 2026
Wyoming names options on real estate as licensed activity, its owner exemption may not cover a contract purchaser, and the civil penalty runs to three times your fee.
Read moreSix Words Decide Every Washington Wholesale Deal
By Gren · September 18, 2026
Washington's only defence is the "own account" exemption, proven by earnest money and termination rights, and a distressed seller can replace the framework entirely.
Read moreVermont Has No Wholesaling Law, and a One-Year Prison Penalty
By Gren · September 18, 2026
Vermont regulates no part of wholesaling, but its broker definition names options on real property and unlicensed practice carries up to $5,000 and a year in prison.
Read moreUtah Doubles the Penalty Based on Who Your Seller Is
By Gren · September 18, 2026
$5,000 per violation, $10,000 if the owner is 65 or older or a vulnerable adult. Utah has no wholesaling statute, but two provisions should change your intake.
Read moreThe Missing Two Words in South Dakota's Broker Definition
By Gren · September 18, 2026
No wholesaling statute at all, but SDCL 36-21A-6(11) makes dealing in options broker activity without the usual "for another" limiter.
Read moreSouth Carolina Put "Wholesaling" in Its License Law, Then Left One Door Open
By Gren · September 18, 2026
Act 204 defines wholesaling as marketing the property before you take title, and calls that brokerage. Assigning the contract right is expressly excluded.
Read moreNew York Lets You Assign. Section 265-a Decides When You Can Close.
By Gren · September 18, 2026
A distressed New York seller can cancel until midnight of the 14th business day. Add cease-and-desist zones that reach unlicensed buyers, and that is the state.
Read moreThe New Mexico Wholesaling Law That Isn’t There
By Gren · September 18, 2026
Trackers cite an “HB 187 Wholesale Real Estate Act” with a $5,000 fee-approval rule. No such New Mexico bill exists. Here is what NMSA 61-29 actually requires.
Read moreIn New Hampshire, the Word “Option” Is the Trap
By Gren · September 18, 2026
No wholesaling statute at all, but RSA 331-A's broker definition names dealing in options on real estate. Assign contracts, and keep that word out of your ads.
Read moreA $25,000 Assignment Fee, a $5,000 Fine: What Nevada Actually Punishes
By Gren · September 18, 2026
No wholesaling statute at all, and NRED still fines assignors who market property they do not own, with fines that can reach the entire gain.
Read moreOne Word in Montana's Broker Definition Breaks the Usual Wholesaling Defense
By Gren · September 18, 2026
Montana's statute reaches anyone negotiating a sale for another or for valuable consideration, so being a principal is not the shield it is everywhere else.
Read moreMichigan Has No Wholesaling Law. It Has a Clause About Your Deal Count.
By Gren · September 18, 2026
No disclosure, no registration, no cap. But the broker definition reaches anyone selling real estate as a principal vocation, owner or not, so volume is the risk.
Read moreIn Massachusetts, the $500 Fine Isn't the Problem
By Gren · September 18, 2026
No wholesaling statute and a $500 fine, but under M.G.L. c. 112 §87RR an unlicensed person cannot sue in Massachusetts courts to collect broker compensation.
Read moreOne Deal Is Enough: Maine's Single-Instance Brokerage Trigger
By Gren · September 18, 2026
Maine brokerage triggers on a single instance of acting for another for compensation, and unlicensed practice is a Class E crime plus $1,000-$5,000 per violation.
Read moreKansas Doesn't Regulate Wholesaling. It Regulates Options.
By Gren · September 18, 2026
Kansas has no wholesaling statute, but K.S.A. 58-3035 makes dealing in options for compensation broker activity. Sign real bilateral contracts, not options.
Read moreIdaho's License Law Reaches Your Contract. Four Words Keep You Out.
By Gren · September 18, 2026
Idaho's broker definition covers any interest in real estate, but only while acting for another, and three enforcement details we could not verify.
Read moreHawaii Wrote the Option Flip Into Its License Statute
By Gren · September 18, 2026
HRS 467-1 makes selling an unexercised option brokerage. Assigning a real bilateral contract as a principal is not. Fines reach $5,000 per violation.
Read moreTOPA Sets the Clock on Every Occupied D.C. Deal
By Gren · September 18, 2026
The District has no wholesaling statute, but TOPA can add months to an occupied-property close and the licensing exemption covers owners, not assignors.
Read moreColorado Is Easy Until the Seller Is in Foreclosure
By Gren · September 18, 2026
Colorado exempts principals from brokerage, but a residence in foreclosure triggers mandated contracts, attached notices and a cancellation deadline at noon before the sale.
Read moreThe Arkansas Clause That Strips Your Exemption "Under Any Circumstance"
By Gren · September 18, 2026
Arkansas has no wholesaling statute, but § 17-42-104(c) voids the principal exemption if you took the contract on someone else's behalf, and one act of brokerage needs a license.
Read moreAlaska Wholesaling Comes Down to Four Words: "Seeking to Own"
By Gren · September 18, 2026
No Alaska wholesaling statute, one licensing exemption, and two conditions: you must be seeking to own, and none of your fee can come from a licensee's commission.
Read moreWholesaling Real Estate in West Virginia: The Bill That Died and the Law That Didn't
By Gren · September 18, 2026
West Virginia's wholesaling ban died in committee. The license law still names options, treats advertising as its own offense, and counts every day as a separate one.
Read moreWholesaling Real Estate in Mississippi: No Statute, Real Exposure
By Gren · September 18, 2026
Mississippi's wholesaling bill died in committee, but one act for compensation makes you a broker and the owner exemption may not cover an assignor. Penalties reach 4x your fee.
Read moreWholesaling Real Estate in Minnesota: Five Deals in Twelve Months
By Gren · September 18, 2026
Minnesota has no verified wholesaling statute. It has something sharper: a licensing presumption at five principal transactions in any rolling 12 months, backed by a gross misdemeanor.
Read moreWholesaling Real Estate in Louisiana: The Five-Item Checklist Under Act 807
By Gren · September 18, 2026
Louisiana's wholesaling law took effect August 1, 2026: a pre-signing disclosure, the LREC cancellation notice, five calendar days to cancel, and 1% in escrow.
Read moreWholesaling Real Estate in Missouri: The 14-Day Clock Under RSMo 407.3600
By Gren · September 18, 2026
Since August 28, 2026, Missouri wholesalers must deliver a standalone bold disclosure to the record owner 14 calendar days before contracting. Miss it and the seller walks with your earnest money.
Read moreNebraska Wholesaling: One Question Decides Whether Your Deal Is Clean
By Gren · September 18, 2026
No disclosure statute, no registration. Publicly marketing an equitable interest is brokerage, vacant lots excepted, and Choice Homes shows the cost.
Read moreNorth Dakota Wholesaling Is Two Statutes, and Most People Read One
By Gren · September 18, 2026
A three-part written disclosure to all parties, cancellation rights that run until escrow closes, and a license line drawn through public marketing.
Read moreConnecticut Wholesaling Runs on Two Dates, and One Already Passed
By Gren · September 18, 2026
DCP registration has been required since July 1, 2026, with no low-volume exemption. The state-written disclosure report follows on October 1.
Read moreOregon Wholesaling: Register, Disclose in 10-Point Bold, Wait Three Days
By Gren · September 18, 2026
Since July 1, 2025 Oregon requires state registration, a prescribed bold-type disclosure in contracts and ads, and a 3-business-day cancellation right.
Read moreOklahoma Wholesaling After SB 1075: The Notice Beside the Signature Line
By Gren · September 18, 2026
From November 1, 2025, Oklahoma dictates your pre-contract disclosures, a fixed 12-point bold notice and a two-day cancellation. Miss one and you cannot enforce your own contract.
Read moreKentucky Wholesaling: Advertising Your Contract Is Brokerage
By Gren · September 18, 2026
Since June 29, 2023, advertising an equitable interest in Kentucky is licensed brokerage with no volume threshold. Three compliant paths, and a felony waiting on deal two.
Read moreIowa Wholesaling: A Broker, a Prescribed Sentence, and a Cancellation Right With No Clock
By Gren · September 18, 2026
Since July 2024 an Iowa wholesaler must be a broker or be represented by one. Miss the prescribed disclosure and either side can cancel any time before closing and keep the earnest money.
Read moreIllinois Wholesaling: Two Deals in 12 Months Makes You a Broker
By Gren · September 18, 2026
Illinois has no disclosure form and no cancellation window. It has a counting rule: deal in or market assignable contracts twice in any rolling 12 months and you need a license.
Read moreVirginia Doesn't Regulate Wholesaling. It Counts.
By Gren · September 18, 2026
Since July 1, 2024, dealing in assignable contracts twice in any 12 months makes you a broker. No disclosure statute, no cancellation right, no safe harbor.
Read moreDelaware's SB 201: 21 Days to Cancel, and a Form in Three Languages
By Gren · September 18, 2026
SB 201 was signed June 1, 2026. Sellers get a 21-day cancellation right that cannot be waived, and licensing follows about nine months later.
Read moreRhode Island Wholesaling: Two Regimes, Split by January 1, 2027
By Gren · September 18, 2026
New ch. 34-51 takes effect 1/1/2027: a license after more than one deal in 12 months, written disclosures, and 3-business-day cancellations for seller and assignee.
Read moreWholesaling in Pennsylvania Takes a License on Deal One
By Gren · September 18, 2026
Act 52 made every wholesale transaction licensed activity from Jan 4, 2025 — four prominent disclosures, a 30-day unwaivable cancellation right, and criminal penalties.
Read moreCalifornia Wholesaling After AB 1850 Stalled: The Rules Still in Force
By Gren · September 17, 2026
AB 1850 never became law. The real California risks are unlicensed-brokerage penalties and the Civ. Code §1695 foreclosure rules that bar assigning at all.
Read moreNew Jersey Has No Wholesaling Statute. Here Is Why That Is Not Good News.
By Gren · September 17, 2026
No wholesaler law, no registration, no safe harbor — just a licensing act where one unlicensed act is enough and the first fine is $5,000.
Read moreWholesaling in Wisconsin: What Wis. Stat. §710.13 Actually Requires
By Gren · September 17, 2026
Two written notices, two signing deadlines, and a rescission right that runs until closing. Wisconsin's wholesaler statute is short, and the money only moves one way.
Read moreArizona Wholesaling Law: The Two Disclosures A.R.S. §44-5101 Requires
By Gren · September 17, 2026
Arizona asks for two signed disclosures before anyone is bound. Miss one and the other side cancels up to close of escrow — and the earnest money moves.
Read moreNorth Carolina Wholesaling: H797 Is Not Law, and What Actually Governs You
By Gren · September 17, 2026
H797 passed the House and stalled in the Senate, so the license requirement and 30-day cancellation right are not in effect. Here is the law that is.
Read moreMaryland's New Wholesaling Rules: Two Disclosures, or They Can Walk
By Gren · September 17, 2026
Under Real Property 10-715, a missed disclosure lets the Maryland seller or your assignee rescind any time before closing. There is no cure period.
Read moreTennessee Wholesaling Law: Bold-Font Disclosures and the Three-Day Clock
By Gren · September 17, 2026
Tennessee's 2025 statute tells you where your disclosures go, how they have to look, and how many days before the assignment the seller gets notice.
Read moreWholesaling Real Estate in Georgia: The Mailer Rule Nobody Tells You About
By Gren · September 17, 2026
Georgia barely regulates your assignment contract, but it does dictate the exact capitalized notices on your seller mailers, at $600 per violation.
Read moreIndiana Wholesaling Rules: The Exact Sentence Every Solicitation Needs
By Gren · September 17, 2026
Indiana regulates your mailers, not your contract: every solicitation needs one prescribed sentence plus legal names, and a deficient one hands the seller a two-day rescission.
Read moreWholesaling Real Estate in Ohio: The New R.C. 5301.95 Disclosure Rule (2026)
By Gren · September 17, 2026
Since March 2, 2026, Ohio prescribes the disclosure wording, the type size and who signs it; miss it and the seller can cancel until closing and keep your earnest money.
Read moreFlorida Wholesaling Law: No Statute, But Unlicensed Brokerage Is a Felony
By Gren · September 17, 2026
Florida has no wholesaling statute, so your risk lives in your marketing: advertising a property you do not own is third-degree felony brokerage from the first offense.
Read moreWholesaling Real Estate in Alabama: The Three Disclosures Act 2023-201 Requires
By Gren · September 17, 2026
Alabama is not a blank spot on the map: since 2023, assigning a single-family contract for a fee takes three written disclosures, and two of them are on a clock.
Read moreWholesaling Real Estate in Texas: What the Law Actually Requires (2026)
By Gren · September 17, 2026
Two written disclosures, no license, no cooling-off period — and the rule is from 2017, not 2024. What Texas Property Code 5.0205 really requires, with model clauses.
Read morePut Your Buy Box on Autopilot: Managing Wholesaling & REI Deals With an AI Agent
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