Wholesalers; require certain written disclosures for when purchasing residential real estate for transfer to third party purchaser.

An Act To Amend Section 73-35-3, Mississippi Code Of 1972, To Revise The Definition Of Real Estate Broker To Include Persons, Partnerships, Associations, Companies And Corporations Who Engage In The Practice Or Process Of Wholesaling; To Define Wholesaler; To Provide That Exemptions From Licensing Requirements Do Not Apply To Wholesalers; To Require Wholesalers To Provide Certain Written Disclosures To Homeowners; To Render Invalid Any Contract That Does Not Include The Required Disclosures; To Provide That The Disclosure Requirements Shall Only Apply To Transactions Involving Residential Real Estate; To Authorize The Mississippi Real Estate Commission To Promulgate Any Rules Necessary To Implement The Provisions Of This Act; And For Related Purposes.