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Updated 9 months ago on . Most recent reply

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James McGovern#3 Wholesaling Contributor
  • Flipper/Rehabber
  • Bloomfield CT
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Should Real Estate Agents who are leaving the Industry become Wholesalers?

James McGovern#3 Wholesaling Contributor
  • Flipper/Rehabber
  • Bloomfield CT
Posted

Should Real Estate Agents who are leaving the Industry due to NAR Settlement become Wholesalers? If not, what?

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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied
Quote from @Danny Gonzalez:

Wholesaling also has it own regulations coming down the pipeline...  States like South Carolina and Pennsylvania have already banned it.

The NAR settlement doesn't change anything, besides the need to get a buyer agreement signed up front. Buyers agent will still be paid, but now you have to communicate your value to your client.

Jumping from one thing another isn't going to solve your issues. Typically it takes sticking with one thing over the course of a long time to figure out the intricacies for that specific sector.

Just my suggestion.  Sharpen your skills and you'll earn money in any market/sector.  


if they are not cutting it as agents they certainly wont as wholesalers.. wholesaling is so much tougher and capital intensive.. wipe out rate for agents is what 70 to 80%  and wipe out rate for wholesalers is about 95%..  Not to mention the laws they be changing.. IL  Iowa Sc  and many others following..
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