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n July 8, 2024, Pennsylvania Governor Josh Shapiro signed Act 52 into law, requiring real estate wholesalers to obtain licenses and providing additional safeguards for property owners in wholesale transactions. This legislation targets a practice where an intermediary buys a property with the intention of reselling the contract to another party at a higher price, often to investors. For instance, a wholesaler might secure a $200,000 deal on a property but then sell the contract to an investor for $210,000, pocketing a $10,000 fee in the process. The wholesaler acts as a middleman, never taking ownership of the property, and profits from the difference between the original sale price and their assignment fee.