Committee hears testimony backing disclosure requirements for real estate wholesaling (Senate Bill 155)

Proponents of Senate Bill 155 told the House Development Committee that disclosure requirements and other safeguards are needed to curb deceptive real estate wholesaling practices that can harm vulnerable homeowners.

Jamie Kenton Sluss, co‑owner of Sluss Realty in Mansfield, described multiple cases she said illustrate aggressive and deceptive wholesaling tactics that often target seniors. "This is exactly who wholesalers target. Those without support, those who are unaware, and those who are easily misled," Sluss told the committee, and she urged regulators to empower title companies and underwriting to block closings when a power of attorney contains self‑sealing language or when sellers have not been made aware of back‑to‑back closings.

Brian Bambridge, a licensed…