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

Summary

The law adds a new chapter that treats wholesale real‑estate transactions like broker activities. Anyone who sells or assigns an equitable interest in property without taking title must hold a real‑estate license or fit an exemption, and must give buyers and sellers written notices and a three‑day cancellation right. It also sets fines and civil penalties for violations.

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