Can a wholesaler hire a realtor to list property on MLS

Question

Hello everyone, I was told you can hire a broker to list a property on the mls when having it under contract. I am wondering if there is a way to check if it’s allowed in other markets. I am in Los Angeles and I heard it’s not allowed in California but in Pensacola it’s apparently allowed? Anybody have more info on this? Thanks!

Jerryll Noorden · Answer

WAIT stop.

WTH?!

I am completely confused here. Before even answering this question...

The whole point of cash offers, including "wholesaling" is that it is an ALTERNATIVE to listing it.

So you as the wholesaler are going to list the property...

So why are you as the wholesaler even there? Why doesn't the seller just list it DIRECTLY with the agent? What is the value you offer?

Does the seller know?

And NO, .. I mean I am not an agent and I am not an expert but there is NO WAY you can list a property you do NOT own on the MLS. That makes absolutely no sense.

So who is responsible, if "the seller" didn't disclose that there are termites or no operating smoke detectors?!

Mind is malfunctioning right now...

Trenton Miller · Answer

As A wholesaler you have a contract to sell the property between you and the homeowner.  A Realtor should have a contract with the homeowner not a 3rd party.  If they do it, it's not a Realtor I woild work with.

Kwame Darko · Answer

@Jerryll Noorden There is a new way that wholesalers have been listing properties on the mls through “novation agreements”.

Jerryll Noorden · Answer

I agree dude.

This is just retarded!

Bryan Blankenship · Answer

Plenty of wholesalers and realtors doing stupid stuff like this that will eventually lead to wholesaling being banned or HEAVILY regulated.

Regulations here in Ohio are already way tighter than they used to be.  The REAL players have to deal with new nonsense and new "players" in town that make everyone's business' harder to operate than usual.

Hey, maybe something like a recession that may or may not be coming will wipe out all these "players" 🙂

Chris Seveney · Answer

@Jay Ben

In the states I have bought or sold in the realtor can only list a property for the owner of the property

Since you don’t own it no they cannot list it.

Stephen Dispensa · Answer

If the MLS has a contract and a section allowing you to market a sales agreement, sure. Literally not a single MLS in the country has such a thing. So to answer your question, no. Marketing a home for sale on the MLS when you don't actually own the home is considered fraud on both the wholesaler and the realtors part. Could result in not only the realtor losing their license and board membership, but possible criminal charges for both the realtor and the wholesaler.

There's probably people who have gotten away with this in the past, but all it takes is one deal going wrong and the whole thing blows up.

Scott Allen · Answer

I've heard that this method is whack

Mark Pedroza · Answer

You're correct it's not allowed in CA..

Can a wholesaler hire a realtor to list property on MLS

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