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90th General Assembly · Funnel one-pager · Monday, November 9, 2026

SF 2290: Relating to the wholesaling of residential property by a wholesaler, and providing civil penalties

Died when the session ended · The General Assembly adjourned on April 19, 2024. Bills that didn’t pass both chambers died.

What it does

This bill relates to the wholesaling of residential property by a wholesaler. “Wholesaling”, “residential property”, and “wholesaler” are defined in the bill. The bill requires a person to be licensed as a real estate broker, or to be represented by a licensee, to engage in wholesaling. The bill permits a licensee to represent a wholesaler in a wholesaling transaction. The bill requires a wholesaler to disclose to all parties to a wholesale transaction prior to executing a contract to purchase or to convey an equitable interest to a buyer or other entity the legal identities of all parties to the wholesale transaction and an explanation of the wholesaling process, including disclosure that the wholesaler holds an equitable interest in the residential property and may not be able to convey title to the property.

Sponsors

Commerce (companion To Hf 2394 By Committee on Commerce) committee

Cost

No fiscal note

Lobbying · 1 for, 0 against

For: Iowa Association of Realtors

In plain words

  1. February 8, 2024Filed in the Senate
  2. February 8, 2024Approved by the Senate committee
  3. March 4, 2024Withdrawn

From public records at legis.iowa.gov, compiled by Funnel (iowafunnel.com), an independent, nonpartisan site. Current as of Monday, November 9, 2026. https://iowafunnel.com/bills/90/SF2290