Louisiana HB468 regulates the wholesale of residential real properties, defining key terms and setting disclosure requirements for wholesalers.

Louisiana HB468 introduces regulations for the wholesale of residential real properties. It defines terms such as "residential real property," "wholesaler," and "wholesaling." The bill mandates that wholesalers disclose specific information to sellers before executing any contracts or written agreements. These disclosures include the wholesaler's intent to assign or sell their contractual rights, the seller's right to seek legal advice, and the seller's right to cancel the agreement without penalty.

Louisiana HB468 regulates the wholesale of residential real properties, defining key terms and setting disclosure requirements for wholesalers.

Louisiana HB468 introduces regulations for the wholesale of residential real properties. It defines terms such as "residential real property," "wholesaler," and "wholesaling." The bill mandates that wholesalers disclose specific information to sellers before executing any contracts or written agreements. These disclosures include the wholesaler's intent to assign or sell their contractual rights, the seller's right to seek legal advice, and the seller's right to cancel the agreement without penalty.