Legal pitfalls of buying selling with a RE license in Colorado?
We are a new investor couple with one deal finally working. My wife is an active real estate broker associate in Colorado. Does a real estate license help or hinder making deals for wholesaling or buying and selling properties? It seems that all of the investing books, and articles are written from a non license point of view.
- Do we have to use the approved contracts (Colorado has the longest), or
- Can I use my own contract to buy and sell?
- Can I operate totally independent of her, and if so, does that mean she can't be listed on any title?
- I guess what I am asking is there any way for her to separate her RE business from personal investing.
I don't want to do anything to jeopardize her license, but at the same time don't want to be held to the same standards that she has to follow when acting as an agent.
Are there any licensed agents out there that have experience with this?
Blaine