Has anyone in Southern California marketed their Wholesale opportunities on the local MLS? Pros, Cons and which MLS allows.

@Andrea Bergin

Most MLS sites have strict rules against this. If you are an agent, look at the agreement you signed when you signed up for the MLS. If you are not an agent, I don't think you are going to find anyone licensed willing to list a property you don't have ownership in. If you are really having trouble finding buyers for your wholesale deals, consider either 1) going to more events to build your buyers list or 2) selling at a discount to one of the larger wholesalers who have a strong network of buyers already built.

Originally posted by @Andrea Bergin :

Has anyone in Southern California marketed their Wholesale opportunities on the local MLS? Pros, Cons and which MLS allows.

Welcome to the site Andrea. What you want to do is get licensed and then simply get a listing agreement from your motivated sellers so you can market the properties all over creation, including the MLS.

Hi James. I am licensed but with Wholesaling the point is not to be a fiduciary to the seller. I have a signed contract with rights to assign. So I have equitable title. I am hoping to find someone who has posted their wholesale deals on the mls. 

Originally posted by @Andrea Bergin :

Hi James. I am licensed but with Wholesaling the point is not to be a fiduciary to the seller. I have a signed contract with rights to assign. So I have equitable title. I am hoping to find someone who has posted their wholesale deals on the mls. 

You should call C.A.R. legal hotline for better clarification on placing your wholesale contract on thr MLS. The last thing you need is a sanction on your license..

The point of wholesaling is NOT to not be a ficudiary to the seller.

Definitely look up equitable title as well. If you're under contract and have the ability to close (either have funds or can qualify for a loan) then I believe you have equitable title. If you have no way to close other than to assign the contract, I do not believe this is equitable title. 

Every state's MLS rules vary a bit but most frown upon that practice. I know NAR does. Me personally I would never do that if it were my deal, I'd wait until it was closed before listing it. The alternative is to get a license and list it on behalf of the seller or maybe help seller hire a listing agent that will help you wholesale it. Good luck!!