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Updated over 11 years ago on . Most recent reply

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Craig Shute
  • Landlord
  • Syracuse, NY
96
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120
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Some guy listed MY house on Craigslist

Craig Shute
  • Landlord
  • Syracuse, NY
Posted
I sell manufactured homes and I saw a listing of one of my homes with the same pictures, different description and triple the price on CL. I confronted the guy and he seemed to think he was doing me a favor. I got him to take it down, but my question is is this a common practice in wholesaling? Acting as the middle man on a property you do not own, but pretend to own, without even notifying the real owner? And do I have any remedy if he does it again?

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Jay Hinrichs
#1 All Forums Contributor
  • Real Estate Consultant
  • Summerlin, NV
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Jay Hinrichs
#1 All Forums Contributor
  • Real Estate Consultant
  • Summerlin, NV
Replied

@Bill Gulley 

  I think over time the guys offering contracts are going to run into the same issue. its just a RUSE to sell real estate without a license.. I just don't get it.. not sure why folks that want to sell RE or flip it just don't get a license to engage in RE activities there are many bonuses that come with being licensed. Not to mention not running afoul with the state agencies.

Its the same with Unlicensed PM's who think they can have a master lease and end up running a big PM operation....I had extensive conversations with the DRE investigator in MS over this issue and again he said its just a Ruse and they would shut down anyone without a valid brokers license if it appeared they were just acquiring multiple rentals on leases then releases them as in acting as a PM without a license.

The Real Estate industry as a whole needs to help the government crack down on all this unlicensed activity by turning in these unlicensed people... that just try to flip contracts or homes without ever buying them... A few of these bad apples can really spoil it for the one's that do a good job.

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JLH Capital Partners

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