Ohio Wholesaling Laws Just Changed. Here’s What That Means

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Ohio Wholesaling Laws Just Changed. Here’s What That Means

Remington LymanBusiness Member
Real Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes

Helping investors build wealth through Columbus, Ohio real estate. In this video, I sit down with real estate attorney Sarah Thorp to break down the new regulations affecting wholesalers.

Effective March 2, new disclosure requirements are now in place. If you are wholesaling property, or working with wholesalers, this is critical information.

What Changed?

✅ Wholesalers must provide a separate written disclosure to the homeowner
✅ The disclosure must be signed and dated before entering into a contract
✅ The wholesaler must clearly state they are not representing the seller
✅ The seller must be informed they can seek a licensed real estate agent or attorney
✅ Only the homeowner or a licensed agent may market the property

While wholesaling is not banned, the new rules introduce more compliance and regulation. Intent matters. If you intend to assign or double close, disclosure is required.

We also discuss enforcement questions and what this could mean for investors operating in today’s environment.

If you are wholesaling, buying assignments, or building an investment pipeline, make sure your process is compliant.

For legal questions, you can reach out to Sarah Thorp at Thorp Law.
For investment strategy and compliant deal structuring in Ohio, connect with me.

👉 Reach out here:
https://linktr.ee/RemingtonLyman

How I Help Investors:

Real Estate Education
Property Analysis
Investor Consulting
Compliance Guidance
Buyer and Seller Representation
Renovation Strategy
Financing and Lender Connections
Seller Financing
Section 8 Consulting

📍 Markets Served:
Columbus, Cleveland, Cincinnati, Dayton, Akron, Canton, All of Ohio

📌 Brokerage: REAFCO
📌 Location: Columbus, Ohio

#Wholesaling #RealEstateInvesting #OhioRealEstate #InvestmentProperty #Compliance #RealEstateLaw #Reafco

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  • Sam McCormackBusiness Member
    Real Estate Agent · Cincinnati, OH/NKY · Member since 2021 · 1k+ posts · 834 votes
    8mo
    Quote from @Remington Lyman:

    Helping investors build wealth through Columbus, Ohio real estate. In this video, I sit down with real estate attorney Sarah Thorp to break down the new regulations affecting wholesalers.

    Effective March 2, new disclosure requirements are now in place. If you are wholesaling property, or working with wholesalers, this is critical information.

    What Changed?

    ✅ Wholesalers must provide a separate written disclosure to the homeowner
    ✅ The disclosure must be signed and dated before entering into a contract
    ✅ The wholesaler must clearly state they are not representing the seller
    ✅ The seller must be informed they can seek a licensed real estate agent or attorney
    ✅ Only the homeowner or a licensed agent may market the property

    While wholesaling is not banned, the new rules introduce more compliance and regulation. Intent matters. If you intend to assign or double close, disclosure is required.

    We also discuss enforcement questions and what this could mean for investors operating in today’s environment.

    If you are wholesaling, buying assignments, or building an investment pipeline, make sure your process is compliant.

    For legal questions, you can reach out to Sarah Thorp at Thorp Law.
    For investment strategy and compliant deal structuring in Ohio, connect with me.

    👉 Reach out here:
    https://linktr.ee/RemingtonLyman

    How I Help Investors:

    Real Estate Education
    Property Analysis
    Investor Consulting
    Compliance Guidance
    Buyer and Seller Representation
    Renovation Strategy
    Financing and Lender Connections
    Seller Financing
    Section 8 Consulting

    📍 Markets Served:
    Columbus, Cleveland, Cincinnati, Dayton, Akron, Canton, All of Ohio

    📌 Brokerage: REAFCO
    📌 Location: Columbus, Ohio

    #Wholesaling #RealEstateInvesting #OhioRealEstate #InvestmentProperty #Compliance #RealEstateLaw #Reafco


    Not sure what loopholes will come of this, but if it is going to go how it is written, good. Wholesalers are agents without laws at the moment. They can be useful, but if i've met 10 wholesalers, I trust 1 of them, if i'm lucky

    Sam McCormack Realtor
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    • Remington LymanBusiness Member
      OP
      Real Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes
      8mo
      Quote from @Sam McCormack:
      Quote from @Remington Lyman:

      Helping investors build wealth through Columbus, Ohio real estate. In this video, I sit down with real estate attorney Sarah Thorp to break down the new regulations affecting wholesalers.

      Effective March 2, new disclosure requirements are now in place. If you are wholesaling property, or working with wholesalers, this is critical information.

      What Changed?

      ✅ Wholesalers must provide a separate written disclosure to the homeowner
      ✅ The disclosure must be signed and dated before entering into a contract
      ✅ The wholesaler must clearly state they are not representing the seller
      ✅ The seller must be informed they can seek a licensed real estate agent or attorney
      ✅ Only the homeowner or a licensed agent may market the property

      While wholesaling is not banned, the new rules introduce more compliance and regulation. Intent matters. If you intend to assign or double close, disclosure is required.

      We also discuss enforcement questions and what this could mean for investors operating in today’s environment.

      If you are wholesaling, buying assignments, or building an investment pipeline, make sure your process is compliant.

      For legal questions, you can reach out to Sarah Thorp at Thorp Law.
      For investment strategy and compliant deal structuring in Ohio, connect with me.

      👉 Reach out here:
      https://linktr.ee/RemingtonLyman

      How I Help Investors:

      Real Estate Education
      Property Analysis
      Investor Consulting
      Compliance Guidance
      Buyer and Seller Representation
      Renovation Strategy
      Financing and Lender Connections
      Seller Financing
      Section 8 Consulting

      📍 Markets Served:
      Columbus, Cleveland, Cincinnati, Dayton, Akron, Canton, All of Ohio

      📌 Brokerage: REAFCO
      📌 Location: Columbus, Ohio

      #Wholesaling #RealEstateInvesting #OhioRealEstate #InvestmentProperty #Compliance #RealEstateLaw #Reafco


      Not sure what loopholes will come of this, but if it is going to go how it is written, good. Wholesalers are agents without laws at the moment. They can be useful, but if i've met 10 wholesalers, I trust 1 of them, if i'm lucky


       Yeah. I hope it actually gets enforced

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