Philadelphia Imposes New Rules And Regulations On Residential Property Wholesalers
In real estate wholesaling, a wholesaler enters into a written agreement of sale to purchase the property with a property owner and then finds an...
1 min read
Clementa Amazan : Jan 4, 2021 9:00:00 AM
Last month, Mayor James F. Kenney signed a bill passed by Philadelphia City Council into law which provides protection to property owners from solicitation and related problems.
Under the new law, real estate brokers, agents, or their representatives are generally prohibited from soliciting any real property for sale or rent if at any time the property owner does not wish to sell or rent the property or does not want to be solicited to sell or rent.
The new law directs the city government to create and maintain a public “Do Not Solicit List” of property owners who have expressed a desire to not be solicited to sell or rent their real property.
In the event a property owner would like to remove their name from the “Do Not Solicit List”, the property owner may request, in writing, the removal of the property owner’s name from it, and that will occur within 30 days from such a request.
If you have questions about this newly passed law and the effect it may have on you, please feel free to contact us at info@nochumson.com and an attorney at Nochumson P.C. will immediately reach out to you to schedule a free consultation
In real estate wholesaling, a wholesaler enters into a written agreement of sale to purchase the property with a property owner and then finds an...
Under LOOP, property owners who saw their certified market valuations more than triple from 2013 to 2014 will save money on their property taxes for...
Under HICPA, any contractor must register with the state. Among other things, the contractor must provide the names, home addresses, telephone...