Learn about the recent changes in Virginia real estate laws affecting investors and wholesalers, and how to stay compliant to avoid legal issues and financial troubles. Gain insights from a real estate attorney on the implications of the new law B 917.
What is the main law affecting real estate investors and wholesalers in Virginia?
The main law affecting real estate investors and wholesalers in Virginia is law B 917.
How many contracts can wholesalers sell without a license or broker status?
Wholesalers can sell one contract before requiring licensing or broker status.
What challenges do lobbyists and legislators face regarding wholesaler activities?
Lack of knowledge about day-to-day wholesaler activities causes fear among lobbyists and legislators.
Why are savvy individuals intimidating in the real estate industry?
Savvy individuals can create lucrative agreements that are intimidating to those unfamiliar with the process.
What is the importance of partnering with investors in wholesaling?
Partnering with investors is crucial for success in real estate wholesaling.
How can brokers help in wholesaling assignments for compliance?
Brokers can be involved in wholesaling assignments to ensure compliance with the new laws.
What are the key strategies for success in real estate wholesaling?
Emphasis on not providing legal advice, partnering with investors, and involving brokers in wholesaling assignments are key strategies for success.
What are the potential opportunities emerging in real estate wholesaling?
New opportunities are emerging in real estate wholesaling due to innovative thinking that disrupts traditional practices.
How can one avoid legal issues in real estate transactions?
Staying informed, obtaining proper licensing, and seeking legal advice can help avoid legal issues in real estate transactions.
What are the implications of the expanded definition of real estate broker in Virginia?
The expanded definition now includes dealing in contracts and assignable contracts, leading to stricter regulations on selling multiple properties.
Learn about the recent changes in Virginia real estate laws affecting investors and wholesalers, and how to stay compliant to avoid legal issues and financial troubles. Gain insights from a real estate attorney on the implications of the new law B 917.
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