Wholesaling in TN...Just talked to the Real Estate Commission..

[Jon Mason]

I know there are a lot of wholesalers in TN, so I'm fairly certain it's not illegal, but I wanted to call the Tennessee Real Estate Commission and find out for sure for myself. When I called them, the individual I spoke with said that anyone with a deed to a property can sell that property without a real estate license, but if you have an LLC you would have to have a license because now its a business.

So, I think the first part of his statement would be covered by doing a double closing, but is the second part true and is everyone else doing it that way? I would think most would've set up an LLC.