Correct me if I’m wrong here · Wholesaling Real Estate

Correct me if I’m wrong here

🚨 IMPORTANT UPDATE FOR OHIO REAL ESTATE WHOLESALERS 🚨

If you’re wholesaling residential properties in Ohio, there is a major law change you need to be aware of.

Effective March 2, 2026, Ohio implemented new requirements for wholesalers working with 1–4 family residential properties.

✅ Wholesaling is still legal in Ohio.

✅ Assignments and double closings are still legal.

✅ You can still profit from assigning your contract.

However, before entering into a binding purchase agreement, wholesalers are now required to provide a written disclosure to the seller that explains:

• You are acting as a wholesaler• You do not represent the seller• You may assign the contract to another buyer• You may profit from the transaction• The property could be sold below market value• The seller has the right to seek legal advice

The disclosure must be separate from the purchase agreement and signed by both parties.

The goal of the law is to increase transparency and ensure sellers understand the nature of a wholesale transaction.

A few takeaways:

🔹 Review your purchase agreements and seller packets immediately.

🔹 Consider having an Ohio real estate attorney review your forms.

🔹 Make sure your title company is familiar with wholesale transactions.

🔹 Continue marketing your contractual interest—not representing yourself as the owner or listing agent if you are assigning the contract.

This isn’t the end of wholesaling in Ohio. It’s simply a reminder that the business is continuing to evolve and those who stay educated and compliant will have the advantage.

Are you already using a wholesaler disclosure in your business, or are you updating your paperwork now? Let’s discuss. 👇

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