What’s the Maryland wholesaling bill that’s trying to make wholesaling illegal?

[Mike Schorah]

I heard they’re trying to make wholesaling illegal in Maryland.

I guess you’ll only be able to do 2 deals a year in Maryland. It looks similar to the Illinois law, but you’ll be able to do 2 deals a year, not 1 deal a year.

Realtors are jealous. They think wholesalers are making too much money and stealing clients.

It’s already illegal in Oklahoma, Illinois, Philadelphia. And I think Arizona made it illegal last year.

It’s unconstitutional. Right in the constitution, it says that every US citizen has both a right to make and assign any contract. Big mortgage companies do it all the time. My mortgage was sold twice and behind my back. At least I’m assigning contracts right in front of people’s faces.