HB468 • 2026

REAL ESTATE: Provides with respect to the wholesale of residential real properties

Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor: Troy Hebert
Last action: 2026-06-09
Official status: Signed by the Governor - Act 807
Effective date: Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

REAL ESTATE: Provides with respect to the wholesale of residential real properties

What This Bill Does

REAL ESTATE: Provides with respect to the wholesale of residential real properties

Limits and Unknowns

This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

Summary of Senate Amendments to HB468

Filed

Plain English: SSHB468 4463 5575 HOUSE SUMMARY OF SENATE AMENDMENTS HB 468 2026 Regular Session Hebert REAL ESTATE: Provides with respect to the wholesale of residential real properties Synopsis of Senate Amendments 1.

SSHB468 4463 5575 HOUSE SUMMARY OF SENATE AMENDMENTS HB 468 2026 Regular Session Hebert REAL ESTATE: Provides with respect to the wholesale of residential real properties Synopsis of Senate Amendments 1.
Adds that wholesaling includes the simultaneous consummating or closing two separate transactions relative to the same property without the purchaser providing all funds needed to close the sale transaction with the original owner and seller.
Digest of Bill as Finally Passed by Senate Proposed law provides relative to the wholesale of residential property.
Present law provides for definitions for the "Louisiana Real Estate License Law".

House Floor Amendment #3144 Hebert Adopted

Adopted

Plain English: HFAHB468 4463 3144 FOR OFFICE USE ONLY HOUSE FLOOR AMENDMENTS 2026 Regular Session Amendments proposed by Representative Hebert to Engrossed House Bill No.

HFAHB468 4463 3144 FOR OFFICE USE ONLY HOUSE FLOOR AMENDMENTS 2026 Regular Session Amendments proposed by Representative Hebert to Engrossed House Bill No.
468 by Representative Hebert 1 AMENDMENT NO.
1 2 On page 4, line 16, change "(3)(a)" to "E.(1)" and change "Subsection," to "Section," 3 AMENDMENT NO.
2 4 On page 4, line 19, change "(b)" to "(2)" 5 AMENDMENT NO.

House Floor Amendment #2960 Hebert Adopted

Adopted

Plain English: HFAHB468 4463 2960 FOR OFFICE USE ONLY HOUSE FLOOR AMENDMENTS 2026 Regular Session Amendments proposed by Representative Hebert to Engrossed House Bill No.

HFAHB468 4463 2960 FOR OFFICE USE ONLY HOUSE FLOOR AMENDMENTS 2026 Regular Session Amendments proposed by Representative Hebert to Engrossed House Bill No.
468 by Representative Hebert 1 AMENDMENT NO.
1 2 On page 2, line 29, change "fourteen" to "five" 3 AMENDMENT NO.
2 4 On page 3, line 15, change "fourteen" to "five" 5 AMENDMENT NO.

House Floor Amendment #2553 Jordan Withdrawn

Filed

Plain English: HFAHB468 4463 2553 FOR OFFICE USE ONLY HOUSE FLOOR AMENDMENTS 2026 Regular Session Amendments proposed by Representative Jordan to Engrossed House Bill No.

HFAHB468 4463 2553 FOR OFFICE USE ONLY HOUSE FLOOR AMENDMENTS 2026 Regular Session Amendments proposed by Representative Jordan to Engrossed House Bill No.
468 by Representative Hebert 1 AMENDMENT NO.
1 2 On page 1, line 5, after "enforcement;" and before "and" insert "to provide for applicability;" 3 AMENDMENT NO.
2 4 On page 5, between lines 3 and 4, insert the following: 5 "E.

House Committee Amendment #2212 COM Adopted

Adopted

Plain English: HCAHB468 4463 2212 HOUSE COMMITTEE AMENDMENTS 2026 Regular Session Amendments proposed by House Committee on Commerce to Original House Bill No.

HCAHB468 4463 2212 HOUSE COMMITTEE AMENDMENTS 2026 Regular Session Amendments proposed by House Committee on Commerce to Original House Bill No.
468 by Representative Hebert 1 AMENDMENT NO.
1 2 On page 4, between lines 21 and 22, insert the following: 3 "(c) Any contract or written agreement involving wholesaling shall include an 4 earnest money deposit of not less than one percent of the purchase price, which shall be held 5 in escrow in accordance with this Section." 6 AMENDMENT NO.
2 7 On page 4, between lines 25 and 26, insert the following: 8 "(5) In addition to any other remedy provided by law, any person who violates the 9 provisions of this Section shall be subject to a civil penalty not to exceed five thousand 10 dollars per violation to be imposed and collected by the commission." Page 1 of 1 CODING: Words in struck through type are deletions from existing law; words underscored are additions.

House Committee Amendment #2179 COM Draft

Draft

Plain English: HCAHB468 4463 2179 HOUSE COMMITTEE AMENDMENTS 2026 Regular Session Amendments proposed by House Committee on Commerce to Original House Bill No.

HCAHB468 4463 2179 HOUSE COMMITTEE AMENDMENTS 2026 Regular Session Amendments proposed by House Committee on Commerce to Original House Bill No.
468 by Representative Hebert 1 AMENDMENT NO.
1 2 On page 2, between lines 28 and 29, insert the following: 3 "(4) The amount of any assignment fee or other compensation the wholesaler 4 expects to receive from the transaction." 5 AMENDMENT NO.
2 6 On page 4, between lines 21 and 22, insert the following: 7 "(c) Any contract or written agreement involving wholesaling shall include an 8 earnest money deposit of not less than one percent of the purchase price, which shall be held 9 in escrow in accordance with this Section." 10 AMENDMENT NO.

House Vote on HB 468 REJECT SENATE AMENDMENTS (#1429)

Filed

Plain English: 2026 Regular Session Sequence: 1429 HBS AMENDED BY SENATE TO BE CONCURRED IN HB 468 BY HEBERT REJECT SENATE AMENDMENTS Date: 5/20/2026 Time: 2:33:38 PM ROLL CALL The roll was called with the following result: YEAS Adams Amedee Bacala Bamburg Beaullieu Berault Billings Boudreaux Bourriaque Boyd Boyer Brass Braud Broussard Butler Carpenter Carrier Carter, R.

2026 Regular Session Sequence: 1429 HBS AMENDED BY SENATE TO BE CONCURRED IN HB 468 BY HEBERT REJECT SENATE AMENDMENTS Date: 5/20/2026 Time: 2:33:38 PM ROLL CALL The roll was called with the following result: YEAS Adams Amedee Bacala Bamburg Beaullieu Berault Billings Boudreaux Bourriaque Boyd Boyer Brass Braud Broussard Butler Carpenter Carrier Carter, R.
Carver Chassion Chenevert Coates Cox Crews Deshotel Dewitt Dickerson Domangue Echols Edmonston Egan Firment Fisher Fontenot Freeman Freiberg Gadberry Galle Geymann Glorioso Green Hebert Henry, D.
Horton Illg Jackson Johnson, M.
Johnson, T.

Senate Committee Amendment #2863 COM Adopted

Adopted

Plain English: SCAHB468 2810 2863 SENATE COMMITTEE AMENDMENTS 2026 Regular Session Amendments proposed by Senate Committee on Commerce, Consumer Protection and International Affairs to Reengrossed House Bill No.

SCAHB468 2810 2863 SENATE COMMITTEE AMENDMENTS 2026 Regular Session Amendments proposed by Senate Committee on Commerce, Consumer Protection and International Affairs to Reengrossed House Bill No.
468 by Representative Hebert 1 AMENDMENT NO.
1 2 On page 2, line 14, after "without" and before "the" insert "the purchaser providing all funds 3 needed to close the sale transaction with the original owner and seller and without" Page 1 of 1

Senate Committee Amendment #2743 COM Draft

Draft

Plain English: SCAHB468 2810 2743 SENATE COMMITTEE AMENDMENTS 2026 Regular Session Amendments proposed by Senate Committee on Commerce, Consumer Protection and International Affairs to Reengrossed House Bill No.

SCAHB468 2810 2743 SENATE COMMITTEE AMENDMENTS 2026 Regular Session Amendments proposed by Senate Committee on Commerce, Consumer Protection and International Affairs to Reengrossed House Bill No.
468 by Representative Hebert 1 AMENDMENT NO.
1 2 On page 2, line 14, after "without" and before "the" insert "the purchaser providing all funds 3 needed to close the sale transaction with the original owner and seller and without" Page 1 of 1

Bill History

2026-06-09 H
Effective date: 08/01/2026.
2026-06-09 H
Signed by the Governor. Becomes Act No. 807.
2026-06-02 H
Sent to the Governor for executive approval.
2026-06-01 S
Signed by the President of the Senate.
2026-06-01 H
Enrolled and signed by the Speaker of the House.
2026-05-31 H
Notice of Senate adoption of Conference Committee Report.
2026-05-31 S
Conference Committee Report read; adopted by a vote of 35 yeas and 0 nays.
2026-05-31 S
Notice House adopted the Conference Committee Report.
2026-05-31 H
Conference Committee Report read, roll called, yeas 94, nays 0. Having received two-thirds vote of the elected members, the Conference Committee Report was adopted.
2026-05-27 H
Scheduled for floor debate on 05/31/2026.
2026-05-27 S
Conference committee report received.
2026-05-27 H
Conference Committee report received. Lies over under the rules.
2026-05-26 H
Notice of Senate conferees appointed.
2026-05-25 S
Notice House Conference Committee members appointed.
2026-05-25 S
Senate conference committee members appointed: Miller, Allain, and Connick.
2026-05-25 H
House conferees appointed: Hebert, Deshotel, and Jacob Landry.
2026-05-20 S
Notice House rejected the Senate amendments.
2026-05-20 H
Read by title, roll called, yeas 91, nays 0. The Senate amendments, not having received two-thirds vote of the elected members, were rejected. Conference committee appointment pending.
2026-05-19 H
Scheduled for concurrence on 05/20/2026.
2026-05-13 H
Received from the Senate with amendments.
2026-05-12 S
Rules suspended. The amended bill was read by title, passed by a vote of 34 yeas and 0 nays, and ordered returned to the House. Motion to reconsider tabled.
2026-05-04 S
Reported without Legislative Bureau amendments. Read by title and passed to third reading and final passage.
2026-04-29 S
Committee amendments read and adopted. Read by title and referred to the Legislative Bureau.
2026-04-28 S
Reported with amendments.
2026-04-13 S
Read second time by title and referred to the Committee on Commerce, Consumer Protection and International Affairs.
2026-04-08 S
Received in the Senate. Read first time by title and placed on the Calendar for a second reading.
2026-04-07 H
Read third time by title, amended, roll called on final passage, yeas 96, nays 0. The bill, having received two-thirds vote of the elected members, was finally passed, title adopted, ordered to the Senate.
2026-04-07 H
Called from the calendar.
2026-03-30 H
Scheduled for floor debate on 04/07/2026.
2026-03-30 H
Notice given.
2026-03-26 H
Read by title, returned to the calendar.
2026-03-25 H
Scheduled for floor debate on 03/26/2026.
2026-03-24 H
Read by title, amended, ordered engrossed, passed to 3rd reading.
2026-03-23 H
Reported with amendments (13-0).
2026-03-09 H
Read by title, under the rules, referred to the Committee on Commerce.
2026-02-27 H
First appeared in the Interim Calendar on 2/27/2026.
2026-02-26 H
Under the rules, provisionally referred to the Committee on Commerce.
2026-02-26 H
Prefiled.

Official Summary Text

REAL ESTATE: Provides with respect to the wholesale of residential real properties

Current Bill Text

Read the full stored bill text

ENROLLED
ACT No. 8072026 Regular Session
HOUSE BILL NO. 468
BY REPRESENTATIVE HEBERT
1 AN ACT
2 To enact R.S. 37:1431 (35) through (37) and 1448.5, relative to the wholesale of residential
3 real properties; to provide for definitions; to provide relative to wholesalers; to
4 provide for disclosures from a wholesaler; to provide for written agreements and
5 contracts; to provide for written notice; to provide relative to deposits; to provide for
6 enforcement; and to provide for related matters.
7 Be it enacted by the Legislature of Louisiana:
8 Section 1. R.S. 37:1431 (35) through (37) and 1448.5 are hereby enacted to read as
9 follows:
10 §1431. Definitions
11 As used in this Chapter, the following words have the meaning ascribed to
12 them in this Section unless the context clearly indicates otherwise:
13 * * *
14 (35) "Residential real property" means real property consisting of one or not
15 more than four residential dwelling units, which are buildings or structures each of
16 which is occupied or intended for occupancy as single family residences.
17 (36) "Wholesaler" means any person or entity that is either engaged in or
18 intends to engage in the wholesaling of residential real property.
19 (37) "Wholesaling" means securing, negotiating, or facilitating the purchase
20 or sale of residential real property with the purpose of transferring, assigning, or
21 selling a contractual right to purchase or any other equitable interest in the residential
22 real property, whether directly or indirectly, for financial gain. The marketing for
23 sale of the contractual rights or other equitable interests constitutes a presumption
Page 1 of 5
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are additions.
HB NO. 468 ENROLLED
1 that the person or entity marketing or selling the rights or interests is engaged in
2 wholesaling. "Wholesaling" includes but is not limited to the following:
3 (a) Entering into a contract to purchase residential real property with the
4 intent of assigning or selling the contractual rights to another party before taking
5 possession or legal ownership of such residential real property.
6 (b) Simultaneously consummating or closing two separate transactions
7 relative to the same residential real property, including one transaction with the
8 original owner and seller of the residential real property and another transaction with
9 the end buyer, without the purchaser providing all funds needed to close the sale
10 transaction with the original owner and seller and without the intent to reside in,
11 occupy, or otherwise materially improve the residential real property.
12 * * *
13 §1448.5. Wholesale agreements; residential real property
14 A. A wholesaler shall prominently disclose all of the following in writing to
15 the seller of residential real property, which is the subject of wholesaling, before the
16 execution of each related contract or written agreement:
17 (1) That the wholesaler has an intent to assign, transfer, convey, or sell the
18 wholesaler's contractual rights to, or equitable interest in, the subject residential real
19 property for a higher price than what is offered to the seller, or will otherwise market
20 the wholesaler's contractual rights or equitable interests for financial gain.
21 (2) That the seller should seek legal advice before signing each contract or
22 written agreement relative to the seller's residential real property.
23 (3) That the seller has the right to cancel any contract or written agreement
24 relative to the seller's residential real property for any reason and without penalty for
25 at least five calendar days after the execution of each related contract or written
26 agreement.
27 B. A wholesaler shall not directly or indirectly do any of the following:
28 (1) Act or purport to act as an advisor or consultant or in any other manner
29 represent that the wholesaler is acting on behalf of the seller whether pursuant to a
30 mandate, power of attorney, or otherwise.
Page 2 of 5
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are additions.
HB NO. 468 ENROLLED
1 (2) Represent himself as holding any license or certification or being a
2 member of a licensed profession without possession of the license or certification.
3 (3) Impose, file, record, or place any lien, privilege, mortgage, or other
4 encumbrance on the residential real property, which is the subject of wholesaling, or
5 otherwise cloud the title of such property.
6 (4) Engage in any deceptive or unfair trade practice involving residential real
7 property or the execution of unlawful real estate service agreements in violation of
8 R.S. 51:1429.
9 C.(1) Any seller that enters into a contract or written agreement involving
10 wholesaling has the right to cancel the contract or written agreement for any reason
11 and without penalty for at least five calendar days after the date of execution of each
12 related contract or written agreement by either the seller or the wholesaler,
13 whichever is later.
14 (2)(a) Any contract or written agreement involving wholesaling shall
15 conspicuously include the date and time by which the contract or written agreement
16 may be canceled by the seller. The date and time shall be included within a notice
17 which shall be located in immediate proximity to the space reserved for the seller's
18 signature and shall contain the following language:
19 "NOTICE REQUIRED BY LOUISIANA LAW: You may cancel this
20 contract at any time before 11:59 PM of [Insert Date]. [Insert Name of Wholesaler]
21 CANNOT ask you to sign or have you sign any cash sale, conveyance or deed, or
22 any other document until your right to cancel this contract has ended. See the
23 attached notice of cancellation form for an explanation of this right. It is advisable
24 that you find your own attorney before signing the contract. The law requires this
25 contract to contain the entire agreement. You should not rely upon any other written
26 or oral agreement or promise."
27 (b) The commission shall publish and maintain a mandatory cancellation
28 notice form on its website, which shall include, at a minimum, the language required
29 by this Paragraph.
Page 3 of 5
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are additions.
HB NO. 468 ENROLLED
1 (c) A wholesaler shall include the mandatory cancellation notice form
2 required by this Paragraph at no cost to the seller with each contract or written
3 agreement involving wholesaling.
4 D.(1) Failure to include any of the required disclosures outlined in this
5 Section or any other violation of this Section shall render the contract or written
6 agreement involving wholesaling immediately voidable and terminable at any time
7 prior to transfer of title of the residential real property by the seller, at the seller's
8 sole discretion.
9 (2) Upon seller's written notice to the wholesaler of the seller's election to
10 void and terminate such contract or written agreement pursuant to Paragraph (1) of
11 this Subsection, the contract or written agreement shall be invalid and unenforceable
12 by the wholesaler.
13 E.(1) Upon a termination by the seller prior to the expiration of the rescission
14 period outlined in Subsection C of this Section, the wholesaler shall be entitled to
15 receive a full return of any deposit involved in the wholesaling transaction. Upon any
16 other termination exercised by a seller in accordance with this Section, the seller
17 shall be entitled to receive any deposit involved in the wholesaling transaction.
18 (2) Any deposit involved in a wholesaling transaction shall be kept in either
19 the account of the seller or an escrow account maintained in this state with a
20 federally insured financial institution.
21 (3) Any contract or written agreement involving wholesaling shall include
22 a deposit of not less than one percent of the purchase price, which shall be held in
23 escrow in accordance with this Section.
24 F. Any violation of this Section shall constitute both an unfair trade practice,
25 which may be enforced by the attorney general, public protection division, consumer
26 protection section, and a violation of this Chapter, which may be enforced by the
27 commission.
28 G. In addition to any other remedy provided by law, any person who violates
29 the provisions of this Section shall be subject to a civil penalty not to exceed five
30 thousand dollars per violation to be imposed and collected by the commission.
Page 4 of 5
CODING: Words in struck through type are deletions from existing law; words underscored
are additions.
HB NO. 468 ENROLLED
1 Section 2. The provisions of this Act shall not apply to any contracts or written
2 agreements, regarding the wholesaling of residential real property, that were completed prior
3 to the effective date of this Act.
SPEAKER OF THE HOUSE OF REPRESENTATIVES
PRESIDENT OF THE SENATE
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED:
Page 5 of 5
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are additions.