Can a person do wholesaing if he/she is a realtor?

Can a person do wholesaing if he/she is a realtor?

Investor · Houston, TX · Member since 2013 · 28 posts · 0 votes

I have two seperate question

1. Can you do wholesaing as a realtor?

2. If the answer is yes, If your current broker is not familiar with creative financing such as wraps, and subject too, could this be a problem for the realtor who is being sponsered by the broker?

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  • Real Estate Professional · West Palm Beach, FL · Member since 2012 · 23k+ posts · 13k+ votes
    12y

    1) Yes, but your initial contact with a seller needs to be as an investor, not as a realtor. If your initial contact is as a realtor, your obligation is to do what is best for the client, not yourself.

    2) Your broker probably knows more about wraps and sub2's than you do. They just don't want the inherent liabilities with such deals, when not done properly.

  • Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes
    12y

    In Ohio it would be a good way to get your license yanked if you got on the RE commissions radar. That said I have seen several Realtors doing it.

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