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CA AB1850
Bill
Status
Introduced
2/11/2026
Primary Sponsor
Jacqui Irwin
Click for details
AI Summary
- Requires real estate wholesalers to hold a valid California real estate license to operate legally
- Defines "wholesaling" as entering into a contract or option to purchase real property with intent to sell, assign, or market that contract to another person for compensation or profit
- Expands the definition of "real estate broker" under existing law to include persons who engage in wholesaling activities
- Mandates wholesalers disclose in writing to property owners that they do not intend to take title to the property and may resell the contract for profit before closing
- Requires all advertisements or offers to sell/assign contracts to clearly state the person does not hold legal title to the property
Legislative Description
Real estate: wholesaling.
Last Action
Re-referred to Com. on APPR. pursuant to Assembly Rule 96.
4/16/2026
Committee Referrals
Appropriations4/16/2026
Judiciary4/14/2026
Business and Professions3/16/2026
Full Bill Text
No bill text available