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Wholesaling

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DeAndre Mason
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On market wholesale deal

DeAndre Mason
Posted Apr 20 2023, 15:01

Hey BP, let me first start out by saying YES wholesaling is possible on the MLS and legal as long as there is verbiage in the PA stating the buyer may assign the contract.

Now, if I had a property under contract with an agent and wanted to assign that contract to another end-buyer with a different agent representing them, how would that work getting that to the closing table? The end buyer has an agent already and that agent wants to know more info about the property and getting their client a tour? Is this too much headache to deal with? Is it possible to close with an assignment of contract? I have a buyers agent for me but then the "assignee" would have another agent representing them... Is there a way around this where one of the agents can get a referral fee without the title company having to figure out whos getting paid? Traditionally the end buyer would not have an agent. Sorry if this is confusing.

DeAndre

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Eliott Elias#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
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Eliott Elias#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Investor
  • Austin, TX
Replied Apr 20 2023, 17:02

The end buyer will have to pay that realtors commission.