AN ACT RELATING TO BUSINESSES AND PROFESSIONS -- REAL ESTATE BROKERS AND SALESPERSONS

Summary

The bill expands the legal definitions of real‑estate brokers, salespersons and related roles, and creates a new chapter that regulates real‑estate wholesaling. Anyone acting as a wholesaler must have a current real‑estate license or qualify for an exemption, and must give the property owner a written notice that the contract may be assigned. The changes are intended to protect consumers and bring wholesale transactions under existing licensing oversight.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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