Question Regarding Unlicensed Employee TX
I own a real estate investment company here in Dallas (we flip single family properties) and I have a full time W2 employee that acts as an acquisitions manager that finds deals through wholesalers however he is unlicensed but I am licensed. Does anyone know the rule on calling wholesalers directly for deals if you don't have a license even though he is a W2 employee? He is finding properties for myself to buy, not for someone else. Just need clarification on this rule.
Reason why I ask is because this is done extremely often in our business. Wholesalers cold call sellers directly to negotiate contracts and buy/assign deals without a real estate license all the time however the state of Texas requires a license for any type of solicitation.
Any legal work around that I am missing so I am compliant on this issue? Last thing I want to do is not be in compliance with TREC so I want to make sure we're good.
Thanks,
Joseph