Seattle, WA · Member since 2017 · 21 posts · 1 vote
I hear a lot of conflicting opinions about being both an agent and a wholesaler.
What is the legislation? Where is the truth? No latter than today a fellow real estate agent was telling me that i could risk my license if i decide to do wholesaling. He did not provide any evidence to back his opinion,so i am taking his words with a grain of salt. Where can you find the legislation claiming that is it somehow illegal for an agent to do wholesaling? Anyone knows. You are appreciated.
When you have you licence, you are held to a higher standard. There is also fiduciary duty. The grey area is pretty obvious in this case. There is a residential agent in my area being blasted by the media and who just settled with the disciplinary board after setting up a private sale with a seller to his parents.