Senate Bill 155 -
The Ohio Legislature passed a bill in November 2025 (Senate Bill 155) to help protect consumers from potential predatory practices in real estate transactions. The legislation requires wholesalers to provide disclosures to the property owner prior to entering into contract for their property. More Info
Governor Mike DeWine officially signed the bill into law on December 1, 2025, effective March 2, 2026. At that time, property owners who do not receive and sign the required disclosures will be able to cancel their contract before closing. Furthermore, wholesalers that do not comply with legal requirements may be subject to enforcement under the Consumer Sales Practices Act. More Info
How does this affect the MLS?
MLS Rules & Regulations will be made to align with the revisions to Ohio Law. These will soon be incorporated into the MLS Rules along with additional changes required by NAR.
Section 7.2 Documentation Requests by MLS
Any Participant or subscriber acting as a Wholesaler, as defined in Ohio Revised Code § 5301.95(A)(2), shall provide the disclosures required by Ohio Revised Code § 5301.95(B), and upon request of the Service, shall provide proof of compliance with Ohio Revised Code § 5301.95. (Amended 12/2025)
Sections 1.2.0 Accuracy of Listing Data
Participants and Subscribers are required to submit accurate listing data and are required to correct any known errors. Listing agreements are required to be signed by the owner(s) of record with legal title to the property, or by someone authorized to list the property in the MLS through a notarized power of attorney, or other valid legal document creating such authority.
