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Updated over 4 years ago on . Most recent reply

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43
Posts
13
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Demetrius Ward
  • Rental Property Investor
  • Oklahoma City, OK
13
Votes |
43
Posts

Wholesaling illegal? (in Oklahoma)

Demetrius Ward
  • Rental Property Investor
  • Oklahoma City, OK
Posted

So I’m looking to start in real estate by way of wholesaling properties. I was doing some research and came across that Oklahoma passed a bill a few months ago about predatory wholesaling. I don’t understand legal jargon all that much. But does anyone have more information on this? Will I have to forgo wholesale and get real estate license first?

Most Popular Reply

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1,460
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1,594
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Cassi Justiz
  • Rental Property Investor
  • Edmond, OK
1,594
Votes |
1,460
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Cassi Justiz
  • Rental Property Investor
  • Edmond, OK
Replied

The bill passed through the house but not the state senate yet. I shared the link for you to follow the progression. It looks like it passed with an overwhelming majority. 
I fully expect that it ends up passing through the senate because there is a big push going on right now to regulate some of the wholesaling activity. 

 https://legiscan.com/OK/bill/HB3104/2020

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