Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

41
Posts
6
Votes
Luis Saez
  • Hartford, CT
6
Votes |
41
Posts

Legal question on whole saling in connecticut

Luis Saez
  • Hartford, CT
Posted

i just realized that when i start wholesaling, that the entire process can look like brokering a deal without a license.  Even though I'm technically assigning contracts i.e. assigning my interests to someone else, of which is legal.  That is, I'm not finding a buyer for the seller, I'm finding a buyer for ME.  For me because I'm assigning my interests. 

But at any rate, can my assignment fee be construed as consideration for brokering a deal when in reality I'm assigning my equitable interests in the property?  And if it can be construed as such, how is this sorta thing circumvented in Connecticut?  Am i required to use a licensed broker on each deal?

Loading replies...