Alabama Real Estate Commission; license required for real estate wholesalers, real estate wholesalers and unsolicited real property solicitors must provide disclosures, Alabama Securities Commission, authorized to enforce, penalties imposed for violations

What it does: As passed by the House, requires residential real estate wholesalers to be licensed and disclose that they do not own the property, requires disclosures on unsolicited investor offers, lets sellers without an agent or attorney cancel such contracts within seven days, and adds fines and Securities Commission enforcement. (AI-written summary of the bill; the official record shows the exact version voted)

Question before the chamber: Motion to Read a Third Time and Pass as Amended

Read the official record ↗