I ran Into someone on Facebook after mentioning a house I wanted to potentially wholesale and someone said “I hope you are a licensed agent”. Is it not legal to wholesale in Indiana anymore?
I presume the person asking the question as a real estate agent, correct? That is usually the person that does. If you act as a broker, taking a commission on a sale, you need a license.
On the other hand, when done correctly, being a wholesaler is just buying low and selling high. Sometimes what you are selling is not property but the contract. There are very few restrictions on that. But, many realtors feel that impinges on their space.
Indiana is legal. They may have been thinking about Illinois since they just passed a law that requires wholesalers to get a license now.
@Devon Dunn I really want to guess who... probably the same gut that told me that but im closing on yet another property tomorrow that I sold on assignment. Keep up the good work. Ignore the haters.