EP99: New Wholesaling Laws Come To Oklahoma

Oklahoma Real Estate Show

Real Estate Attorney Brain Hudleston explains the new laws coming November 1st and how they will and will not effect the industry. As of November 1, the regulation: “Provides protection to the public and accountability for buyers and sellers in real estate transactions for the largest financial transaction individuals will make.” “Requires individuals engaged in wholesale activity to pass national and state real estate license examinations.” “Requires individuals engaged in wholesale activity to pass a basic background check and reduces opportunities for harm to the public.” “Provides oversight by the Oklahoma Real Estate Commission to investigate consumer complaints at no cost to the public. Provides a free avenue for the public to resolve disputes and claims that otherwise could only be addressed by litigation, which is costly to the public and difficult to resolve.” “Allows the Real Estate Commission to implement common-sense regulations via administrative rules for predatory actions as they evolve moving forward.” “Requires individuals engaged in wholesale activity to obtain the same amount of continuing education as all real estate licensees. Promotes education, best practices, and conformity with Oklahoma laws and regulations.” More info on brian @ https://huddleston.law/ WATCH THIS ON YOUTUBE : https://youtu.be/kQnLw6WfqfA