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Updated over 5 years ago on . Most recent reply

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Jeff Filali
  • Rental Property Investor
  • Broken Arrow, OK
1,140
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1,144
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Virginia Law change makes Wholesaling UNLAWFUL

Jeff Filali
  • Rental Property Investor
  • Broken Arrow, OK
Posted

I knew states were going to start cracking down on wholesaling due to all the “grey” areas being abused by so many and taught by Gurus. Virginia just stepped up and shut it down. Other states will probably follow.

(From the release of updates to Virginia Consumer Protection Laws)

Real Estate

“Unlawful practice: Makes the unlawful and unlicensed practice of contracting, real estate brokering, or real estate sales, in connection with a consumer transaction, unlawful under the Virginia Consumer Protection Act.”

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