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Illinois wholesaling laws
Law addressing wholesaling in effect · Reviewed July 24, 2026
Illinois' Real Estate License Act (225 ILCS 454) folds dealing in assignable real-estate contracts into the definition of a "broker." Once wholesaling becomes a "pattern of business," a license is required.
What the law requires
- A real estate license is required once you deal in assignable contracts as a "pattern of business" — defined as 2 or more times in any 12-month period.
- The "broker" definition expressly covers buying, selling, marketing, exchanging, or otherwise dealing in contracts — including assignable contracts and options — for real estate.
- Bill / citation
- Public Act 101-0357
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This is not legal advice.
Laws change and details vary by situation. Confirm Illinois's current requirements with a licensed real-estate attorney before relying on this in a live deal.
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