Your Advocacy At Work! Ohio Passes Landmark Bill Regulating Wholesaling
Local-
Pickaway County, Circleville poised to address growth in the county, city
- The City of Circleville continues to see significant development across the community. Several residential and commercial projects are approved or under construction. Notable developments Circleville is seeing includes:
- New Single-Family Neighborhoods
- Multi-Family Housing
- Commercial additions, such as Bojangles and RaceTrac
- The City is also considering the rezoning of two properties for future parkland
- Columbus REALTORS® Staff will continue to monitor.
State-
Ohio Passes Landmark Bill Regulating Real Estate Wholesaling
- This week, the Ohio Legislature passed a bill attempting to crack down on the unregulated practice of real estate wholesaling. The legislation, which has been a priority for Ohio REALTORS® for years, marks the first time Ohio has ever attempted to protect consumers from the predatory practice of wholesaling in the real estate industry.
- The legislation, introduced by Senators Andy Brenner (R-Delaware) and Katherine Ingram (D-Cincinnati), would require wholesalers to provide a new disclosure to the property owner before they can enter a contract to transfer the property.
- Once signed by Governor DeWine, the legislation will take effect in 90 days.
National-
Home Buyer Data Shows Urgency in Fight for Affordability
- With first-time buyers making up the lowest share of buyers since NAR began collecting data, NAR-supported affordability solutions must become a priority forfederal, state and local governments.
- A recent report from the National Association of REALTORS® shows that first-time home buyers over the past year made up just 21% of the homebuying market—a new low—and the average age of first-time home buyers has reached a new high of 40, up from 38 last year.
- For years, NAR has been pressing policymakers to take the affordability crisis seriously, advancing bipartisan policies that would expand access to ownership, promote more housing construction, and unlock affordable supply.






