Updated almost 3 years ago on . Most recent reply
Wholesaling in Oklahoma?!
Hey everyone,
I saw that Oklahoma signed the Predatory Real Estate Wholesaler Act into law, which essentially bans marketing an assignment of a contract without a RE license.
I've read certain articles that while assignments are no longer allowed, you can get around this by double closing given it includes two separate transactions.
Assuming you don't want to get a RE license, does anyone have experience with this in Oklahoma and know if double closing is legal in Oklahoma as a form of wholesaling?
Legal Statute: http://webserver1.lsb.state.ok...
Additional Info (unsure how reliable): https://www.realestateskills.c...