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Updated almost 6 years ago on . Most recent reply

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Ashton Meetoo
  • Fort Lauderdale, FL
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Licensed Real estate agent - Legality of wholesaling question

Ashton Meetoo
  • Fort Lauderdale, FL
Posted

Hey everyone! 

I’m a licensed realtor in Florida and I have a question about wholesaling and it’s legality as an agent. 

I have a large agent in my office that is running aggressive online campaigns to generate distressed properties/leads. She plans to get the properties as a listing.

I was curious if I was I could send a purchase contract to her with the assign- ability clause under my name/company? 

Could I then wholesale those properties? By charging a consultation/finders fee? 

I don’t want to make a killing on one deal, I was thinking 5k per deal. 

I have an extensive list of cash buyers, as I currently deal with many of them on a regular basis. 

I’ve done investment deals before but always as an agent representing the buyer or seller. 

Any advise you guys can give would be very appreciated! 

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John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
6,552
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John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
Replied

All fees must go through your broker. 

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