An Act providing for regulation of housing wholesalers.

HB 600 requires businesses that buy and sell residential homes (without living in them) to obtain a state license. To get licensed, they must pay a $200 fee, provide insurance proof, and pass a background check for recent fraud or dishonesty convictions. Before making an offer to buy a home, these businesses must give homeowners a written disclosure explaining how to find property value estimates and access legal or real estate help. Homeowners can also add their property to a public "do-not-solicit" list to stop being contacted by these businesses. The bill directly affects home-buying businesses and homeowners.