Wholesaling Laws by State (2026): All 50 States, Including Ohio SB 155’s Disclosure Rule
As of October 23, 2026, 22 U.S. states have a law written specifically for real estate wholesaling. Twelve of them have enacted, amended, or started enforcing one since January 2025. Ohio’s Senate Bill 155, in force since March 2, 2026, shows where the rules are heading: no license requirement, but a signed, boldface disclosure before any binding contract.
Most wholesalers still assume that assigning a contract is legal anywhere, as long as you never market the house itself. That’s still partly true. But in 2026 the legal question has shifted from “Is wholesaling allowed?” to “Did you hand over the right paperwork, at the right time, in the right format?”
This report sorts all 50 states into five regulatory models and breaks down Ohio SB 155 line by line. It then shows what the 2025 to 2026 wave of new laws means for investors buying motivated seller leads.
This report is general information, not legal advice. Statutes and agency rules change, so confirm requirements with a real estate attorney licensed in your state before you sign a contract.
Most statutes define a wholesaler the same way. It’s a person who signs a purchase contract for a fee or profit, then assigns that contract to another buyer instead of closing on the property. Several newer laws, including Ohio’s and Missouri’s, also cover novation, so restructuring the deal doesn’t take you outside the definition.
The legal hook is the equitable interest. When you sign a purchase contract, you own the right to buy the property, not the property itself. States regulate how you market and transfer that right.
Here are the five models states use as of October 2026:
The common thread is simple. Every new law since 2023 targets the same problem: sellers who didn’t understand they were signing with someone who planned to resell the contract.
Ohio SB 155 created a new section of the Ohio Revised Code, ORC 5301.95. It requires wholesalers to give homeowners a separate written disclosure before any binding purchase contract. The bill passed the Ohio Senate 33-0 and the House 93-0, was signed by Governor Mike DeWine on December 1, 2025, and took effect March 2, 2026.
It’s the most-searched wholesaling law of 2026 because other states are copying its template. Disclosure comes first, the contract second, with consumer-protection enforcement behind it.
The law applies to residential property with one to four dwelling units. A “wholesaler” is anyone who, for a fee or other payment, signs a purchase contract and then assigns or novates it. The disclosure duty applies when the wholesaler is the buyer.
Two narrow exemptions apply:
The disclosure has to be a separate, conspicuous document, in boldface and at least 12-point type. It must substantially follow the form written into the statute. Both the owner and the wholesaler must sign and date it before the contract becomes binding.
The form tells the owner, in plain language, that:
There’s no fixed cancellation window in days. If the owner never got the disclosure, they can cancel without penalty any time before escrow closes. The escrow or closing agent must then pay the wholesaler’s earnest money to the owner within 30 days.
Enforcement runs through Ohio’s Consumer Sales Practices Act, which treats a violation as an unfair or deceptive act. The owner gets consumer remedies: actual damages plus up to $5,000, according to the Ohio Legislative Service Commission’s final analysis. The Attorney General can also use its full enforcement powers.
Licensed agents face a second layer. If a licensee breaks ORC 5301.95 while wholesaling, the Superintendent of Real Estate can suspend or revoke the license, or fine up to $2,500 per violation.
Two details trip people up most often:
The practical takeaway for Ohio is timing. The signed form now comes before the signed contract, every time.
The table below sorts every state by model as of October 23, 2026. “General license law” means no wholesaling-specific statute was found. That state’s broker licensing law still applies to anyone marketing property they don’t own.
| State | Model | Law | Key Rule |
|---|---|---|---|
| Alabama | Disclosure | SB 228, Act 2023-201 (eff. Aug 1, 2023) | Written disclosures to seller and buyers; seller gets 3 business days’ notice before assignment |
| Alaska | General license law | AS 08.88 | No wholesaling statute |
| Arizona | Disclosure | A.R.S. 44-5101 (2022) | Written disclosure before binding agreement; other party may cancel before escrow closes |
| Arkansas | General license law | Ark. Code 17-42 | 2023 wholesaling bill died in committee |
| California | General license law | BPC 10131 | AB 1850 (wholesaling) held in committee May 14, 2026 |
| Colorado | General license law | C.R.S. 12-10 | No wholesaling statute |
| Connecticut | Registration | Public Act 25-168 (eff. July 1, 2026) | Register with Dept. of Consumer Protection; 3-business-day cancellation; close within 90 days |
| Delaware | License (2027) | SB 201 (signed June 1, 2026) | 21-day seller cancellation since Aug 30, 2026; license required from Feb 26, 2027 |
| Florida | General license law | Fla. Stat. 475 | No wholesaling statute |
| Georgia | Solicitation rules | SB 90 (2023), HB 1292 (2024) | Unsolicited offers need solicitation and fair-market-value notices |
| Hawaii | General license law | HRS Ch. 467 | No wholesaling statute |
| Idaho | General license law | Idaho Code Title 54, Ch. 20 | No wholesaling statute |
| Illinois | License (pattern) | PA 101-0357 (2019) | 2+ contract deals in 12 months requires a broker license |
| Indiana | Solicitation rules | HEA 1068, P.L. 47-2024 | Unlicensed solicitors must state they aren’t licensed |
| Iowa | License | HF 2394 (2024), Iowa Code 543B.6A | Must be licensed or broker-represented; pre-contract disclosure |
| Kansas | General license law | KSA 58-3035 | No wholesaling statute |
| Kentucky | License (marketing) | HB 62 (2023) | Advertising an equitable interest requires a license |
| Louisiana | Disclosure | Act 807 of 2026 (eff. Aug 1, 2026) | 5-day cancellation on state form; 1% deposit held in escrow |
| Maine | General license law | 32 M.R.S. 13003 | No wholesaling statute |
| Maryland | Disclosure | HB 124, Ch. 508 of 2025 (eff. Oct 1, 2025) | Pre-contract notice to owner-occupants; rescission before closing if missing |
| Massachusetts | General license law | G.L. c. 112 | No wholesaling statute |
| Michigan | General license law | MCL 339.2501 | HB 5366 introduced Dec 2025, in committee |
| Minnesota | General license law | Minn. Stat. Ch. 82 | No wholesaling statute |
| Mississippi | General license law | MREC license law | No wholesaling statute |
| Missouri | Disclosure | SB 973 (eff. Aug 28, 2026) | Signed disclosure at least 14 days before contract |
| Montana | General license law | MCA Title 37, Ch. 51 | No wholesaling statute |
| Nebraska | License (marketing) | LB 892 (2022) | Publicly marketing an equitable interest requires a license |
| Nevada | General license law | NRS 645 | No wholesaling statute |
| New Hampshire | General license law | RSA 331-A | No wholesaling statute |
| New Jersey | General license law | N.J.S.A. 45:15 | A4278 introduced Feb 2026, no action |
| New Mexico | General license law | NMSA 61-29 | No wholesaling statute |
| New York | General license law | RPL Art. 12-A | No wholesaling statute |
| North Carolina | General license law | Ch. 93A | HB 797 passed House 103-0, stalled in Senate |
| North Dakota | Disclosure | HB 1190 (2023), HB 1125 (2025) | Written disclosure to all parties; now covers all real property |
| Ohio | Disclosure | SB 155, ORC 5301.95 (eff. Mar 2, 2026) | Signed boldface disclosure before contract; cancel before closing if missing |
| Oklahoma | License + disclosure | 2021 Act, SB 1075 (eff. Nov 1, 2025) | License to market; disclosure; 2-business-day cancellation |
| Oregon | Registration | HB 4058 (2024), rules from July 1, 2025 | Register with Real Estate Agency; 3-business-day cancellation |
| Pennsylvania | License | Act 52 of 2024 (eff. Jan 4, 2025) | License required; 30-day seller cancellation |
| Rhode Island | License (2027) | S 3136 Sub A (eff. Jan 1, 2027) | License required; 3-business-day cancellation |
| South Carolina | License (marketing) | Act 204 of 2024 | Marketing the property before title is brokerage; assigning the contract isn’t |
| South Dakota | General license law | SDCL 36-21A | No wholesaling statute |
| Tennessee | Disclosure | Public Chapter 72 of 2025 (eff. Mar 25, 2025) | Disclosure to seller and assignee; 3 business days’ notice before assignment |
| Texas | Disclosure | SB 1577 (eff. Jan 1, 2024) | Written equitable-interest disclosure, or it’s treated as brokerage |
| Utah | General license law | Utah Code Title 61, Ch. 2f | No wholesaling statute |
| Vermont | General license law | 26 V.S.A. Ch. 41 | No wholesaling statute |
| Virginia | License (pattern) | HB 917 (eff. July 1, 2024) | 2+ contract deals in 12 months requires a broker license |
| Washington | General license law | RCW 18.85 | No wholesaling statute |
| West Virginia | General license law | W. Va. Code 30-40 | 2026 bill to ban wholesaling died in committee |
| Wisconsin | Disclosure | 2023 Act 208 (eff. Mar 24, 2024) | Written notice to seller and assignee; rescission before closing |
| Wyoming | General license law | Wyo. Stat. 33-28 | No wholesaling statute |
One pattern jumps out of the table. Fourteen of the 22 states with wholesaling laws give the seller a cancellation or rescission right. A contract that isn’t papered correctly is a contract the seller can walk away from.
Strictness isn’t just about licensing. A disclosure-only state with a long waiting period can slow you down more than a licensing state where you already hold a license.
Pennsylvania’s Act 52 of 2024 took effect January 4, 2025. It brings wholesaling of one-to-four-unit homes under the state’s real estate licensing law. The contract must prominently disclose that it’s a wholesale deal, and the seller can cancel until midnight of the 30th day after signing, with payments refunded within 10 business days.
Missouri’s SB 973, effective August 28, 2026, adds RSMo 407.3600. The wholesaler must give the record owner a separate disclosure, in bold and at least 12-point type, at least 14 calendar days before signing. A violation is an unlawful practice under the Missouri Merchandising Practices Act.
That 14-day rule changes the economics of speed. You can still call first, but in Missouri you can’t sign on the first call.
Delaware’s SB 201, signed June 1, 2026, gave sellers a 21-day cancellation right starting August 30, 2026, and it can’t be waived. The contract must use a Commission-approved form in English, Spanish, and Haitian Creole. A license requirement starts February 26, 2027.
Connecticut’s Public Act 25-168 requires wholesalers to register with the Department of Consumer Protection starting July 1, 2026, at $285 for two years. Sellers get three business days to review the deal with an attorney and cancel. Closing must happen within 90 days unless everyone signs an extension, and wholesale contracts can’t be recorded.
Iowa’s HF 2394 requires wholesalers to be licensed brokers or represented by one. Violations carry a civil fine of up to $10,000 or 10% of the sale price, whichever is greater, per property. The Iowa Real Estate Commission enforces it.
The common lesson across all five: the paperwork is now part of the deal structure, not an afterthought.
New laws are arriving much faster. Here’s every state that enacted, amended, or began enforcing a wholesaling law between January 2025 and October 2026:
Several states came close in 2025 and 2026 and could move in the next session:
If you buy leads in any of these states, check the legislature’s bill page before each new session. Rules can change between your first call and your closing.
The new laws regulate what happens after you reach the seller, not the act of buying a lead. But they change how fast, and how cleanly, a lead can turn into an assignable contract.
Here’s why that matters at scale. iSpeedToLead buyers sign more than 1,000 contracts every month (1,028 in July 2026). Every one of those contracts signed in a regulated state depends on the right paperwork.
The cost of getting it wrong is easy to measure. Over the last 12 months, the average cost per signed contract on the platform was about $2,300 overall, and about $6,900 with Exclusive leads. If a seller cancels over missing paperwork, you lose that acquisition cost along with your earnest money.
Investors running a clean 2026 process tend to do four things:
Lead type also shapes your timeline. Exclusive leads go to one buyer only, while Sale leads are shared with up to 5 buyers. On a shared lead, the seller may hear from several investors and compare who explained the deal most clearly.
Some wholesalers are shifting to novations to sidestep assignment rules. Ohio and Missouri both define a wholesaler to include anyone who novates the contract, so the disclosure duty still applies.
Novations still work well when the paperwork is right. Investor Misty Arellano spent under $2,000 on leads and landed three contracts, two of them novations listed on the MLS. Creative exits and clean disclosure can sit in the same deal.
“Our job isn’t to create motivation, it’s to uncover motivation.”
Jerry Norton, Flipping Mastery / Joe Home Buyer
That framing fits the new laws well. Disclosure rules don’t stop a motivated seller from selling. They stop investors from signing sellers who didn’t understand the deal.
iSpeedToLead’s take: expect more states to pass Ohio-style disclosure laws in 2027, with North Carolina and Michigan closest after their 2025 and 2026 bills. Investors who use a pre-contract disclosure in every state now, even where it isn’t required yet, won’t have to rebuild their process each time a new law passes.
The downside is real, though. In Missouri, Pennsylvania, and Delaware, the waiting and cancellation periods mean some sellers will change their minds. No workflow fully eliminates that risk.
Wholesaling laws by state in 2026 no longer reduce to “legal everywhere.” There are 22 states with specific rules and five regulatory models. The trend is toward Ohio-style rules: disclosure before the contract, and the right to walk away when the paperwork is missing.
iSpeedToLead gives more than 16,000 investors a way to preview and buy motivated seller leads nationwide. DealPredictor AI scoring helps them decide who to call first, and member pricing starts at $39 for Sale leads and $199 for Exclusive leads.
New buyers can enter GET90 on the checkout payment page for 90% off their first lead. They can also use state-by-state lead data to pick markets where their compliance process is already built.
Book a demo to see how investors set up multi-state lead targeting around the rules in each market they buy.
Read Next:
Yes, wholesaling real estate is legal in all 50 states in 2026, but 22 states now regulate it with licensing, registration, or disclosure laws. In the other 26, general broker licensing law still applies if you market a property you don’t own.
Ohio SB 155 requires wholesalers to give the owner of a one-to-four-unit home a separate disclosure before any binding contract. It must be in boldface, at least 12-point type, and signed and dated by both parties. If it’s missing, the owner can cancel before closing and recover the earnest money within 30 days.
No, Ohio SB 155 doesn’t require a real estate license to wholesale, and it doesn’t create a registration system. Wholesalers still can’t market the property itself to the public without a license. Licensed agents who violate the law face discipline from the Superintendent of Real Estate.
The states that changed their wholesaling laws in 2026 are Ohio, Connecticut, Louisiana, Missouri, Delaware, and Rhode Island. Delaware’s license requirement starts February 26, 2027, and Rhode Island’s law takes effect January 1, 2027.
You can buy motivated seller leads and stay compliant by checking each target state’s model before you set geography and keeping state-specific disclosure forms ready before the first call. Log every signed disclosure in your CRM. On iSpeedToLead, new buyers can use the code GET90 for 90% off their first lead.
October 23, 2026
October 21, 2026
October 19, 2026
October 15, 2026
October 14, 2026
October 12, 2026
October 10, 2026
October 9, 2026
October 8, 2026
Select the type of leads you're interested in.