DE SB201

Requires real estate "wholesaling" to be performed by licensed real estate brokers, defining wholesaling as entering into a purchase agreement with intent to market and assign the buyer's equitable interest for profit on 1-to-4 family residential properties

Grants sellers in wholesale transactions a 21-day right to cancel agreements of sale, with required disclosures available in English, Spanish, and Haitian Creole informing them of their cancellation rights and ability to obtain appraisals or legal counsel

Increases the maximum payout from the Real Estate Guaranty Fund from $25,000 to $50,000 per transaction for consumers harmed by licensee fraud, theft, forgery, or misrepresentation

Raises the minimum balance the Delaware Real Estate Commission must maintain in the Guaranty Fund from $250,000 to $350,000

Establishes staggered effective dates: definitions and Guaranty Fund changes take effect immediately, wholesaling requirements for cancellation rights after 90 days, and licensing requirements after 270 days