Senate Bill 1173 was signed into law by Gov. Josh Shapiro, making it Act 52 of 2024. A priority piece of legislation of the Pennsylvania Association of Realtors (PAR), SB 1173 was overwhelmingly approved by the state Senate and unanimously approved by the House. The law, which goes into effect on Jan. 9, 2025, requires a real estate salesperson license to conduct residential wholesale transactions in the commonwealth, and ensures that consumers are made aware they are engaging in a wholesale transaction by receiving proper disclosures. The bill’s passage comes just weeks after hundreds of Pennsylvania Realtors visited the state Capitol to advocate for SB 1173 as part of PAR’s annual Realtor Day on the Hill. Read more and watch for updates at the PAR website.
Source: PAR JustListed; 7/8/2024