Wholesaling + Real Estate License

[Devonta Taylor]

Quick question , as a real estate agent, is there money in wholesaling ? Ive asked a few different agents and ive gotten different answers. Any advice is greatly appreciated.

[Bill Gulley]

As an agent, you need to address "net listing" arrangements in all states. This is generally illegal but some states allow net listings with proper disclosures being given. 

Even with a license, you'll have the contract issues of having the intent and ability to buy using a sale contract. You can avoid those issues using an option contract.

You can avoid all the wholesaling issues by listing the property with a fee agreement!

Under "laws of agency" you can still be seen as acting as an agent, not a principal, that can then lead to violations of agency relationships as a licensee. 

I'd suggest you ask your broker, not other agents as they are the one who is responsible for your license and activities. :)