Do you leagally need to be a realtor to wholesale

Do you leagally need to be a realtor to wholesale

Contractor · Stockton ca · Member since 2019 · 12 posts · 7 votes

I read a blog from BP that spoke about the gray area wholesaling can be if you are not a licensed realtor. Anyone know the correct procedure for non realtors? I’m in California if that makes a difference.

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  • Member since 2019 · 5 posts · 0 votes
    6y

    Want to jump in here .. is there a restriction for California realtors engaging in wholesaling ?

  • Member since 2019 · 5 posts · 0 votes
    6y

    I was impulsive in my last post  sorry  here’s the skinny for California 

    There are no specific limitations currently existing in CA that limits realtors to what they can legally do. As far as realtors are concerned, say in California - they can wholesale properties as long as it undergoes legal procedures and proper documentation during the process

  • Member since 2019 · 5 posts · 0 votes
    6y

    I was impulsive in my last post  sorry  here’s the skinny for California 

    There are no specific limitations currently existing in CA that limits realtors to what they can legally do. As far as realtors are concerned, say in California - they can wholesale properties as long as it undergoes legal procedures and proper documentation during the process

  • Scott JohnsonBusiness Member
    Specialist · Greenville, NC · Member since 2019 · 673 posts · 408 votes
    6y

    Depends on the state. Currently IL has passed legislation to outlaw it, but it's not to North Carolina yet. 

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