Realtor Disclosure to Sellers in Wholesale Transaction
I posted this topic in the Wholesale forum last night but didn't seem to get a lot of response. So I am re-posting this topic here since you guys are my target audience.
I am wondering if there are any fellow Realtors out there in BP land who are also wholesalers?
I am aware that disclosure would be the biggest thing when approaching a potential seller acknowledging my Realtor status; however, that I am acting as a principal in this transaction and representing myself, NOT acting as a Realtor.
My questions are, did you approach your state RE Commission to keep everything "above board" in their eyes?
What disclosures do you use? More specifically, did you write one yourself, have an attorney draw one up, have the RE Commission approve/provide input?
Also, what is your experience with sellers when you let them know you are a Realtor? Does it seem to put them at ease?
I want to go full bore into wholesaling, but want to make sure I am not jeopardize my Realtor license.
Thanks for all the help!