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Updated almost 2 years ago,

User Stats

6
Posts
9
Votes
Pierre Ligon
9
Votes |
6
Posts

Have You Seen The New Wholesaling Regulations In Kentucky?

Pierre Ligon
Posted

Here is the regulation.



Amend KRS 324.010 to redefine "real estate brokerage" to include advertising for sale an equitable interest in a contract for the purchase of real property between a property owner and a prospective buyer; amend KRS 324.020 to limit this type of advertising to licensed real estate brokers.

Seems pretty specific to wholesaling if you ask me . I see these regulations popping up all over. This one seems to be the most specific. 

I don't see it affecting my business much, I run a hybrid model ( Investor / Agent ). I do foresee NAR getting even more strict about the strategy. I am in the Hampton Roads market right now I have not seen or heard of any regulations coming as of yet .

Any thoughts? Are there any regulations in your market? Do you plan to pivot to another strategy?

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