From Ohio REALTORS:
Jun 20, 2025
By Anastasia Kotkovskaya, Manager, Advocacy and Research
This week, Ohio REALTORS® advocated for stronger protections against predatory real estate wholesaling before the House Development Committee. Testifying in support of House Bill (HB) 287, past president of Ohio REALTORS®, Seth Task, urged lawmakers to take action on behalf of vulnerable Ohio homeowners. Ohio REALTORS® member Brian Bainbridge also provided in-person testimony in support of the legislation. HB 287 is a commonsense consumer protection bill that would require real estate wholesalers to disclose to the homeowner their intent to assign contracts. This bill aims to prohibit misleading marketing practices and ensure that sellers understand who they are actually dealing with when they are approached by a wholesaler. In his testimony, Task highlighted the deceptive tactics that wholesalers often use: posing as buyers, making empty promises, and flipping contracts for profit at the seller’s expense…
…Ohio REALTORS® strongly supports this legislation and urges lawmakers to act swiftly to ensure a fair and honest housing market that does not take advantage of vulnerable homeowners or allow deceptive practices to go unchecked. A similar measure (Senate Bill 155) passed the Senate with unanimous support earlier this month and is now pending in the Ohio House…
This content is copyright 2025 Ohio REALTORS. Read more at: https://www.ohiorealtors.org/blog/2185/realtors-testify-in-support-of-hb-287/
