| Alaska |
✅ Permitted (Unlicensed) |
✅ Permitted |
✅ Permitted |
📝 Recommended: Full transparency |
📋 Market contract, not property |
⚠️ High Risk |
| Arizona |
⚠️ Regulated (Unlicensed) |
✅ Permitted |
✅ Permitted |
🔴 Mandatory: "wholesale buyer/seller" disclosure |
📋 Must market contract |
🚨 High Risk - Full Laws Apply |
| Arkansas |
✅ Permitted (Unlicensed) |
✅ Permitted |
✅ Permitted |
📝 Recommended: Full transparency |
📋 Market contract, not property |
⚠️ High Risk |
| California |
✅ Permitted (Unlicensed) |
✅ Permitted |
✅ Permitted |
📝 Recommended: Disclose intent to assign |
🚫 Prohibited: Cannot market property |
⚠️ High Risk |
| Colorado |
✅ Permitted (Unlicensed) |
✅ Permitted |
✅ Permitted |
📝 Recommended: Disclose intent to assign |
📋 Market contract, not property |
⚠️ High Risk |
| Connecticut |
✅ Permitted (Unlicensed) |
✅ Permitted |
✅ Permitted |
📝 Recommended: Full transparency |
📋 Market contract, not property |
⚠️ High Risk |
| Delaware |
✅ Permitted (Unlicensed) |
✅ Permitted |
✅ Permitted |
📝 Recommended: Full transparency |
📋 Market contract, not property |
⚠️ High Risk |
| Florida |
✅ Permitted (Unlicensed) |
✅ Permitted |
✅ Permitted |
📝 Recommended: Disclose equitable interest |
🚫 Strict prohibition on property marketing |
⚠️ High Risk |
| Georgia |
✅ Permitted (Unlicensed) |
✅ Permitted |
✅ Permitted |
📝 Recommended: Full transparency |
📋 Market contract, not property |
⚠️ High Risk |
| Illinois |
🚫 License Required (after 1 deal/yr) |
⚠️ Legal only for licensees |
✅ Permitted (unlicensed strategy) |
📝 Must disclose profit/licensee status |
🚫 Cannot publicly market property |
🚨 Extremely High Risk |
| Indiana |
✅ Permitted (Unlicensed) |
✅ Permitted |
✅ Permitted |
📝 Recommended: Full transparency |
📋 Market contract, not property |
⚠️ High Risk |
| Maryland |
✅ Permitted (Unlicensed) |
✅ Permitted |
✅ Permitted |
🔴 Mandatory: Assignment fee disclosure |
📋 Market contract, not property |
⚠️ High Risk |
| Massachusetts |
✅ Permitted (Unlicensed) |
✅ Permitted |
✅ Permitted |
📝 Recommended: Full transparency |
📋 Market contract, not property |
⚠️ High Risk |
| Oregon |
🚫 License Required |
🚫 Legal only for licensees |
⚠️ Restricted |
🔴 Mandatory: License disclosure |
🚫 Strict enforcement |
🚨 Extremely High Risk |
| Pennsylvania |
Permitted (Unlicensed) |
Permitted |
Permitted |
Recommended: Full transparency with all parties. |
Market the contract, not the property. |
JV with licensee; referral fees per state law. |
| Texas |
Regulated (Unlicensed) |
Permitted with restrictions |
Permitted |
Mandatory: Written wholesale disclosure |
Must market as wholesale opportunity |
JV with licensee; referral fees per state law. |
| Washington |
License Required |
Legal only for licensees |
Restricted |
Mandatory: License disclosure |
Strict enforcement |
Essential for legality |
| New York |
Permitted (Unlicensed) |
Permitted |
Permitted |
Recommended: Full transparency with all parties. |
Market the contract, not the property. |
JV with licensee; referral fees per state law. |
| Michigan |
Permitted (Unlicensed) |
Permitted |
Permitted |
Recommended: Full transparency with all parties. |
Market the contract, not the property. |
JV with licensee; referral fees per state law. |