According to an April 14, 2026 article by Dennis Norman, Missouri SB 1001 Targets Real Estate Wholesalers…Here’s What It Means for Investors in St. Louis Real Estate News, Missouri Senate Bill 1001 could significantly change how real estate wholesalers operate in the state, especially when it comes to contract assignment deals involving residential property. Norman reports that the bill has already passed the Missouri Senate, received its second reading in the House, and had not yet become law as of his article.
The part of the bill that matters most to investors is the disclosure requirement. As Norman explains, a wholesaler entering into a contract to purchase residential real estate would have to give the seller a written disclosure at least 14 days before the contract is signed. That disclosure must state that the buyer is a wholesaler, may assign the contract for a profit, and is not representing the seller.