Updated over 6 years ago on . Most recent reply
Investing as a licensed agent
I am studying for my real estate license. I thought it would make it easier to get my investment career going due to having access to the MLS, networking with other real estate professionals, etc. What I can't figure out is that everything is supposed to go through your broker that you sign up with. What about wholesale deals? Are you supposed to give your broker the fee and them have them pay you? Same with lease option deals. Thanks in advance for your help.
Most Popular Reply
If you are a licensed agent, why would you want to wholesale? Either list the property and collect a commission when it sells, or buy the property outright on your own account. Or how about not worrying about splitting a commission with your broker, and rather offer a partnership on a great deal?
There are a lot of landmines placed in the wholesaling field, especially if there is, or should be, a fiduciary relationship with a seller.