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HB 287

Revise law related to real estate wholesalers

136th Legislature (2025-2026) Introduced by Marilyn John and 1 co-sponsor

HB 287 revises Ohio's regulations on real estate wholesalers' licensing, disclosure, and operational standards.

Referred to committee
#commerce #housingandrealproperty
0
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Bill Summary · HB 287

Legislative bill overview

HB 287 modifies Ohio's legal framework governing real estate wholesalers—individuals who contract to purchase properties and then assign those contracts to other buyers for a fee. The bill adjusts licensing requirements, disclosure obligations, or operational standards for wholesalers, though specific provisions are not detailed in the available information.

Why is this important

Real estate wholesaling has grown significantly as an investment strategy, creating tension between enabling this business model and protecting consumers from fraud or unfair practices. How Ohio regulates wholesalers affects both the accessibility of this investment pathway and the transparency requirements imposed on practitioners operating in the state's property market.

Potential points of contention

  • Consumer protection vs. market access: Stricter regulations may protect property sellers from unfair assignment fees but could reduce market participation and profitability for wholesalers
  • Licensing and disclosure requirements: Disagreement over whether wholesalers need real estate licenses, bonding, or mandatory disclosures to all parties in transactions
  • Definition clarity: What legally constitutes a "wholesaler" versus a standard real estate investor or agent, which affects who must comply with new rules

Compiled from official sources — confirm details with the bill’s official record.

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