Do I have to be an agent to sell properties ?

Question

Lets say I know someone that is in bankruptcy and wants to sell their house.  They just want to get out of the house and end the bankruptcy crap.  Do I have to be an agent to sell their house ?  I guess not if people can sell by owner.  What if someone does that several times per year ?

John Andre · Answer

No license required, I love this country!!
Kris, that PN pool sold yesterday. The whole thing!

Kris Barnes · Answer

I agree with Mr. Johnson, by gaining control of the property, you can do what you want with it. The basis of wholesaling is getting property under contract and then assigning your rights to purchase the property to someone else. So if he is going bankrupt, then negotiate a price at which you can acquire the property, then assign that right to purchase it to another person/investor at maybe 10k more than what you put the property under contract for.

Nick J. · Answer

no, thats called a real estate investor

no license needed

obviously there are certain ways of doing this, b/c technically you can't sell what you don't own. Thats why agent merely 'represent' the seller.

gain equitable interest or control of the property and you can sell it.

then do it over and over and over again.