How many realtors consider wholesale starting out?

Question

My partner and I are looking for a agent to be part of our wholesale team. What is the likelihood of finding someone? We are systemizing and partnering to grow this business. Any good suggestions for us while looking for the best fit for a position we are not "qualified for"?

Thanks in advance!

Brian Nally · Answer

I don't think an agent can be a part of wholesaling other people's contracts?? You theoretically could have an agent work for you handling your sides of a simultaneous close. Personally, I'd hire a non licensed person with real estate transaction experience to be my acquisition/disposition specialist if I were trying to farm out that part of the business

Rick Albert · Answer

I would check to see if this is allowed.  There is a debate whether or not wholesaling is legal in some states because it is a similar process to being an agent.  You may run into some problems.  Check with your Broker or call the legal hotline (we have one here in California).

Jonathan Greene · Answer

An agent can't really be a part of a wholesale team. What role do you want them to play? Wholesaling is antithetical to almost all brokerage rules since most transactions are handled off-market, with no sides or one side only going to an agent. If you are looking to list flips of your own that you pull from your acquisitions or to have an agent to list your investors' flips, then that is a great play, but outside of that, I am not sure what the role would be.

Darryl Matthews · Answer

I have considered this and have been success. I would love to chat anytime.