Wholesaling Real Property

Tennessee SB0909 requires buyers who are involved in wholesaling real estate to share specific information about their interest in the property with both the seller and any future buyers. This aims to create transparency in real estate transactions and ensure that all parties are informed about the buyer's stake in the property.

TN SB0909 is a senate bill in the Tennessee 114th General Assembly, sponsored by Ferrell Haile (R), currently “Passed” since April 8, 2025.

We track 9,160 Tennessee bills this session, 129 of them sponsored by Ferrell Haile.

Supporters of SB0909 argue that the bill promotes transparency and fairness in the real estate market. By requiring buyers to disclose their equitable interest, it helps protect sellers and subsequent purchasers from potential fraud and misunderstandings.

Critics of SB0909 contend that the new disclosure requirements may create unnecessary burdens for buyers involved in wholesaling. They argue it could complicate transactions and deter investment in the real estate market, ultimately harming both buyers and sellers.

The bill SB0909 focuses on wholesaling real property and requires buyers to disclose certain information regarding their equitable interest in real estate transactions. The sponsor, Ferrell Haile, has a diverse background in the pharmaceutical industry and several business interests, including ownership of Georgian Manor Apartments. However, there is no direct overlap between his personal financial interests and the real estate sector as it pertains to wholesaling. His involvement in real estate appears limited to ownership rather than active engagement in wholesaling or related practices that would be directly impacted by this legislation.

Given that the primary focus of the bill is on the disclosure requirements for buyers in real estate transactions, and considering that Haile's financial interests do not align closely with the specific activities regulated by this bill, the risk of a conflict of interest is low. The absence of direct financial benefit from the bill's enactment further supports this assessment.

Unlike federal analysis based on campaign donations, state analysis examines legislators' personal financial interests — their jobs, businesses, and investments.

Items marked "AI-researched" are generated from public sources but have not been independently verified. Verified data is sourced from official legislature websites and disclosure filings.