Rhode Island wholesaling law · checked October 21, 2026
The short answer — Rhode Island
Today: no wholesaling license law is in force yet. On January 1, 2027, that changes completely — Rhode Island's new law will require an active real estate license to enter a wholesale or assignment contract more than once in any 12 months, with written disclosures to both sides and a 3-business-day cancellation right. Plan for the flip now.
Rule: R.I. Gen. Laws ch. 34-51 (§§ 34-51-1 to -6), amending §§ 5-20.5-1, -2 (2026 S 3136 Sub A / H 7840) · In force: License requirement January 1, 2027 · Penalty if ignored: From Jan. 1, 2027: fines of $500 for a first violation and $1,000 for each later one, plus civil liability of 1× to 3× the fee or profit. If disclosures are missing, either side may cancel any time before the deal closes.
Checked October 21, 2026 against the official source: www.rilegislature.gov. Information only — not legal advice.
Rhode Island's 2026 act (Chapter 34-51) says that from January 1, 2027, no person may enter a wholesale or assignment contract unless they hold an active Rhode Island license or a statutory exemption. The broker definition now reaches securing or assigning equitable interests for gain more than once in any 12 months. The wholesaler must disclose in writing to the owner (they may assign for a fee) and to the assignee (they hold only equitable interest, no title); the transfer cannot happen until the cancellation period expires; and the assignment may not bar the assignee's own attorney or title provider. Until the effective date, the general principal line applies: market your contract, never the property.
Not yet — but the law is already passed. Today: no wholesaling license law is in force yet. On January 1, 2027, that changes completely — Rhode Island's new law will require an active real estate license to enter a wholesale or assignment contract more than once in any 12 months, with written disclosures to both sides and a 3-business-day cancellation right. Plan for the flip now.
From 2027, the law covers wholesale and assignment contracts; a true purchase-and-resale where you take title is a different posture. Confirm with a Rhode Island attorney.
Enacted 2026; effective January 1, 2027. This page and checker flip automatically on that date.
Scope: Wholesale and assignment contracts on Rhode Island real estate. Cancellation: From Jan. 1, 2027: 3 business days, non-waivable, for seller and buyer. Source: official text / regulator page.
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