Brokerage: Wholesaling & Per Residential Sale Fee's

[Chris Feltus]

I have my real estate license, and I will be using it solely for MLS data when wholesaling.

With that being said many of the brokerages I have contacted require a fee of some sort per residential sale e.g. ($175 per residential sale). My initial thought is no, they will not collect a fee, because wholesaling is assigning a contract and not the sale of real estate.

My question is, since wholesaling is "non traditional" real estate, would they still attempt to collect a per transaction fee from me for any contract I assigned?

Just looking for basic sponsorship, no office space or anything like that or extra bells and whistles. Just MLS data.

Thanks

[Joel Owens]

If you are licensed versus an unlicensed person the real estate commissions view you differently.

Even if you are wholesaling you are still a party involved in some way in a transaction.

I know in some states you can be a broker right away and in others such as Georgia you have to hold active license for 3 years and pass the tests,etc.

Our Georgia GREC commission classifies ANY real estate related activity that the agent underneath you conducts is the responsibility of the head broker.

I don't know about Texas.

There is no way I would allow any of this activity at my company especially with no compensation.

You want all the benefit but let someone else take the risk.If you mess some things up wholesaling and make bank you just let your agent license lapse and keep wholesaling.

The brokerage who's livelihood relies on keeping their firms license is the one cleaning up the aftermath.