A new Pennsylvania law, effective January, regulates real estate wholesalers to protect homeowners from predatory tactics. Wholesalers, who often use high-pressure methods to buy homes at undervalued prices, must now have real estate licenses, inform sellers of their rights, and provide a 30-day period for homeowners to back out of deals. This law, an extension of Philadelphia’s 2020 regulations, aims to prevent homeowners, especially in gentrifying neighborhoods, from being exploited.

 

READ MORE!