New regulations going into effect... curious what wholesalers plan to do...

New regulations going into effect... curious what wholesalers plan to do...

Member since 2020 · 7 posts · 3 votes

Hi All,

Pennsylvania has new legislation going into effect in January 2025 that requires wholesalers to have a real estate license in order to wholesale. Curious what current wholesalers in the state plan to do when this new law starts?? I know Philadelphia already has a wholesalers license but I haven't seen anywhere else in the state that does. 

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  • Investor · Philadelphia · Member since 2023 · 104 posts · 46 votes
    2y

    Simply put, get a real estate license. 

    The challenge for a lot of wholesalers, is once they obtain the licensing, what brokerage is going to sponsor them in wholesale transactions? 

  • Investor · Tampa, FL · Member since 2019 · 1k+ posts · 1k+ votes
    2y

    Just get a license, which is ridiculously easy to obtain nowadays.

  • Member since 2020 · 7 posts · 3 votes
    2y

    @Chris Pelc

    Exactly my thoughts with the broker issue. You have to sponsored to get your license in PA and wholesaling seems to go against brokers' license rules. Seems like there would not be much option but to move to a tradition real estate agent commission situation. 

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