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Updated about 7 years ago on . Most recent reply

User Stats

200
Posts
127
Votes
David Bardwell
  • Rental Property Investor
  • Brunswick, OH
127
Votes |
200
Posts

Wholesaling as a licensed agent in Ohio

David Bardwell
  • Rental Property Investor
  • Brunswick, OH
Posted

Preface: PLEASE don't turn this into a thread debating the merits, legality, or ethics of wholesaling. There's enough of those already! 

I've been taking my Ohio salespersons licensing courses and am nearly ready to sit for the exam. As I've begun speaking to potential brokers, I've learned that most are unwilling to sponsor an agent who will be doing wholesale deals on the side. Since doing my own investing "on the side" is my primary motivator for getting my license in the first place, I'm looking for brokers who are okay with me doing my thing--even if that includes wholesaling from time to time.

So my question is this. Who are some brokers that are okay with their agents wholesaling? Or is this some type of "don't ask don't tell" scenario? If you know but would rather not post publicly for whatever reason, please PM me. Thanks!

Most Popular Reply

User Stats

2,081
Posts
857
Votes
Federico Gutierrez
  • Realtor
  • Cleveland, OH
857
Votes |
2,081
Posts
Federico Gutierrez
  • Realtor
  • Cleveland, OH
Replied

Wholesaling is seen more as a net listing and that's not seen favorable to the OH commission. As a broker no one wants to put their office license in jeopardy for one agents profit.

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