The short answer
No wholesale-disclosure statute — confirmed. The traps are brokerage law and the foreclosure-rescue statute, not wholesaling itself. Below is the plain-English version of the rules Wise Revival operates under in Florida — assignment, disclosure, licensing, and marketing — taken from the statute material reviewed through our legal gate.
Assignment: what the law allows
- Florida has no statute requiring a wholesale-buyer disclosure, seller consent to assignment, or a seller cancellation right on an ordinary purchase contract (Mike legal gate, confirmed).
- Assignment is contract language — draft your contract expressly assignable.
Disclosure and licensing requirements
- Chapter 475 regulates licensed brokerage, not principal buying.
- Owner-in-default trap: §501.1377's equity-purchaser regime (mandatory agreement terms, 3-business-day cancellation) applies to foreclosure-rescue transactions where the seller keeps an interest. Wise Revival's standing rule: never offer a leaseback, stay, option, or repurchase to a seller in foreclosure.
Marketing: where operators get in trouble
- Your profit is assignment consideration on YOUR contract — never a commission for connecting a seller and a buyer. An unlicensed brokerage fee is uncollectible (§475.41), and unlicensed brokerage is a third-degree felony (§475.42).
- Market only your own contract rights, privately, to your own buyers — never a public advertisement of the property.
The Florida operator checklist
- Contract drafted expressly assignable.
- Profit structured as assignment consideration on your own contract — never a fee for connecting parties.
- Market your contract rights privately to your own buyers; never advertise the property publicly.
- No leaseback, stay, option, or repurchase offered to a seller in foreclosure.
Source: Fla. Stat. ch. 475, §§475.41, 475.42, 501.1377 — Mike legal gate for Wise Revival's Florida build, 2026-10-20.
Common questions
Is wholesaling legal in Florida?
Yes. Florida has no statute requiring a wholesale-buyer disclosure, seller consent to assignment, or a seller cancellation right on an ordinary purchase contract. Assignment is contract language — draft your contract expressly assignable.
What is the real legal risk for Florida wholesalers?
Brokerage law. Your profit must be assignment consideration on your own contract — never a commission for connecting a seller and a buyer. An unlicensed brokerage fee is uncollectible (§475.41) and unlicensed brokerage is a third-degree felony (§475.42).
Can I offer a seller in foreclosure a leaseback or a chance to buy the house back?
That is the trap. §501.1377's equity-purchaser regime applies to foreclosure-rescue transactions where the seller keeps an interest. Wise Revival's standing rule: never offer a leaseback, stay, option, or repurchase to a seller in foreclosure.
General information about how these rules generally work, not legal advice. Laws change; verify current law with a licensed attorney in your state.
Get the Florida State Law One-Pager — free.
The wholesaling rules for all 9 states we operate in, on paper, statute-cited — the same material this page is built from.