I've been pushing pretty hard to get my first deal trying to wholesale. Most agents I talk to have been willing to do a dual agency I came across one that wouldn't so they gave me someone in there agency no big deal .. I sent over my purchase agreement like I have been but this guy is telling me In TX the only contract that can be used is the 4 to 1 is this correct..and how do I get in there my company name and or assignee as the buyer plus a marketing clause
@Brian O'Neill Agents Have to use the state approved contract for Realtors, period. If you want any clauses in there, you have to add them. I suspect the agent doesn’t realize you’re trying to wholesale…when they do, they’ll just drop you, as any experienced agent would..
@Brian O'Neill Agents Have to use the state approved contract for Realtors, period. If you want any clauses in there, you have to add them. I suspect the agent doesn’t realize you’re trying to wholesale…when they do, they’ll just drop you, as any experienced agent would..
Thank you for your feedback, I tried to incorporate special provisions saying the seller acknowledges I attend to make a profit either rent, fix and flip and/or assigne
and the seller provides permission to market the property
both were rejected by the agent
is there any verbiage you use to make it work for your deals
@Brian O'Neill, you are trying to wholesale using a Realtor? Not a great strategy. Agents are licensed to earn a commission on a sale. Not unlike a finders fee that a wholesaler charges. You need to do your own marketing and try to find something off market. Look at your local REIA and find an attorney to prepare investor friendly contracts for you. @Wayne Brooks is correct - licensed agents have to use a real estate commission approved contract. In my state (Colorado) the commission approved contract is not assignable.
@Brian O'Neill Well, once they realize that you can’t actually buy it yourself, but are trying to flip the contract….they just drop you as a waste of time, which any competent would.