Real Property - As enacted, requires a buyer engaged in wholesaling real property to disclose certain information related to the buyer's equitable interest in the real property to the seller and a subsequent purchaser. - Amends TCA Title 47 and Title 66.

This Tennessee law requires buyers who purchase real property with the intent to resell their contract rights to disclose specific information to both the original seller and any future buyer. The bill defines "wholesaling" as assigning a buyer's equitable interest in a property contract to another person for a profit and mandates written disclosures about the nature of that interest and the intent to market it. These disclosures must be clearly visible in the original contract and sent to the seller at least three business days before any transfer occurs. The law also sets a two-year time limit for legal actions related to violations and applies only to real estate transactions.