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Updated almost 2 years ago on . Most recent reply
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Have You Seen The New Wholesaling Regulations In Kentucky?
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?