Missouri HB 2517 & SB 973: Wholesaler Disclosure Laws

Primary Topic / Intent

Missouri lawmakers are advancing legislation aimed at increasing transparency in certain real estate transactions—specifically those involving real estate wholesalers working with homeowners on one-to-four-unit residential properties.

Two bills now moving through the Missouri legislature, House Bill 2517 and Senate Bill 973, seek to establish clear disclosure requirements designed to ensure property owners understand who they are dealing with, how wholesalers operate, and how profit is generated in these transactions.

For real estate investors, this is an important moment. These bills don’t prohibit wholesaling—but they do change how it must be done.

What the Bills Do (At a High Level)

Both bills require real estate wholesalers to provide clear, written disclosures to property owners before entering into a binding contract, including:

Disclosure that the buyer is acting as a wholesaler
Acknowledgment that the wholesaler is not representing the seller
Notice that the contract may be assigned for profit
Confirmation that the price may be below market value
Encouragement for the seller to seek legal advice

If these disclosures are not properly provided, the seller may cancel the contract without penalty—and enforcement falls under the Missouri Merchandising Practices Act, giving both private citizens and the Attorney General authority to act.

A Key Difference Between the Two Bills

While HB 2517 and SB 973 are substantively similar, SB 973 goes further by requiring disclosures to be delivered at least 14 days before a purchase contract is signed.

That timing requirement has significant implications for how wholesalers operate, particularly for business models that rely on speed, distressed sellers, or rapid contract assignments.

Track the Bills Yourself

Both bills can be followed in real time through BillTrack50:

Missouri HB 2517 – Real Estate Wholesaler Disclosures
👉 (BillTrack50 link to HB 2517)
Missouri SB 973 – Real Estate Wholesaler Disclosures
👉 (BillTrack50 link to SB 973)

MAREI encourages members to read the full text of both bills and understand how they may impact current or future investing strategies.

Insight from the Ground: Marck de Lautour

Area real estate investor Marck de Lautour has been closely following activity in Jefferson City and recently traveled to Jefferson City to testify on behalf of both bills. After he recorded an unscripted Facebook Live Video that we though summarized how the majority of housing providers in the industry feel:

Stay Engaged. Stay Informed.

Real estate is local—and so is policy.

MAREI exists to help investors learn, connect, and do business the right way, including staying informed about legislative changes that affect our industry.

We encourage members to: