Wholesalers; require certain written disclosures for when purchasing residential real estate for transfer to third party purchaser.

Summary

HB 1682 would expand the definition of a real‑estate broker to include individuals or companies that wholesale residential property, removing their current licensing exemption. It would obligate those wholesalers to provide specific written disclosures to homeowners, and any contract that omits those disclosures would be invalid. The Mississippi Real Estate Commission would be charged with writing the detailed rules.

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