The short answer
No wholesale-disclosure statute. The line is the same as most states: act for another for a fee and you are a broker; assign your own contract and you are a principal. Below is the plain-English version of the rules Wise Revival operates under in Arkansas — assignment, disclosure, licensing, and marketing — taken from the statute material reviewed through our legal gate.
Assignment: what the law allows
- Arkansas has no statute requiring a wholesale-buyer disclosure, seller notice, or seller cancellation right when a principal buyer assigns its own contract (Mike legal gate, confirmed).
- Stay principal-side: your name on the contract, your earnest money at risk, genuinely able to close, and never a fee from a seller for finding a buyer.
Disclosure and licensing requirements
- No wholesale-disclosure duty applies to a principal buyer assigning their own contract in Arkansas.
- Ark. Code §17-42-103(10) defines brokerage around acting FOR ANOTHER for a fee, commission, or other consideration — including dealing in options for another.
Marketing: where operators get in trouble
- §17-42-301(b): performing even a single brokerage act for another, for consideration, without a license is a violation. There is no 'just once' exception.
- So the marketing line is bright: you may market your own contract interest; you may not market someone else's property for them, for a fee.
The Arkansas operator checklist
- Your name on the contract as buyer; your earnest money at risk.
- Genuinely able to close if the assignment never happens.
- Never a fee from a seller for finding a buyer — not even once.
Source: Ark. Code §§17-42-103, 17-42-301 — Mike legal gate for Wise Revival's Arkansas build, 2026-10-20.
Common questions
Is wholesaling legal in Arkansas?
Arkansas has no wholesale-disclosure statute. Assign your own contract as a principal and you are a principal; act for another for a fee and you are a broker. That line is the whole law you need to respect.
Do I need to disclose to the seller that I may assign?
Arkansas has no statute requiring a wholesale-buyer disclosure, seller notice, or seller cancellation right when a principal buyer assigns its own contract.
Can I find a buyer for a seller's house for a fee, just once?
No. Under Ark. Code §17-42-301(b), performing even a single brokerage act for another, for consideration, without a license is a violation.
General information about how these rules generally work, not legal advice. Laws change; verify current law with a licensed attorney in your state.
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The wholesaling rules for all 9 states we operate in, on paper, statute-cited — the same material this page is built from.