Mississippi HB1682 requires wholesalers to disclose certain information in written contracts for residential real estate transactions.
Mississippi HB1682 mandates that wholesalers provide specific written disclosures in contracts for residential real estate transactions. These disclosures include the wholesaler's intent to assign or sell their interest in the property for a profit, the homeowner's right to cancel the contract without penalty within two business days, and the wholesaler's intent to market the property before any marketing to the homeowner. Failure to include these disclosures renders the contract invalid and unenforceable.
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