HB 1682
Wholesalers; require certain written disclosures for when purchasing residential real estate for transfer to third party purchaser.
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
An act to amend section 73-35-3, mississippi code of 1972, to revise the definition of real estate broker to include persons, partnerships, associations, companies and corporations who engage IN the practice OR process of wholesaling; To define wholesaler; To provide that exemptions from licensing requirements do not apply to wholesalers; To require wholesalers to provide certain written disclosures to homeowners; To render invalid any contract that does not include the required disclosures; To provide that the disclosure requirements shall only apply to transactions involving residential real estate; To authorize the mississippi real estate commission to promulgate any rules necessary to implement the provisions of this act; And for related purposes.
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