Can a real estate agent represent a wholesale buyer?

Can a real estate agent represent a wholesale buyer?

Real Estate Agent · Opa Locka, FL · Member since 2014 · 3 posts · 0 votes

Is it possible in a legal standpoint, for a real estate agent to represent a wholesaler?

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  • Rental Property Investor · Where we are parked · Member since 2013 · 584 posts · 178 votes
    11y

    Hi Joshua,

    I'm not an attorney but I don't see why not. The question is, why would they, or why would you have them represent you? And you may have a hard time finding one willing to. Are you talking on the purchase side, the sale side, or both? If you're going to use them on the sale side you just need to be sure to factor in their commission to your expenses. 

    Cheers!

    Eric

  • Real Estate Agent · Opa Locka, FL · Member since 2014 · 3 posts · 0 votes
    11y
    @Eric Black

    Sorry for the late reply.

    We have a system set up where it'll be more beneficial this way. I'm a single agent to a buyer whose intentions might be to wholesale as well. My question would be more on whether it's against any rules for me to represent my buyer, knowing that he may be flipping it to another buyer.

    Thanks
  • Real Estate Professional · West Palm Beach, FL · Member since 2012 · 23k+ posts · 13k+ votes
    11y

    Nothing illegal, but at some point if you make enough low ball offers, or get deals under contract that don't close, word gets out. Also, if your guy uses the typical wholesaler BS POF's and get out of jail clauses, the listing agent will likely recognize it for what it is, and you won't pass go.

  • Real Estate Agent · Opa Locka, FL · Member since 2014 · 3 posts · 0 votes
    11y

    Perfect. But, what do you mean by get out of jail clauses?

  • Real Estate Agent · Las Vegas, NV · Member since 2015 · 2k+ posts · 1k+ votes
    11y

    you can get out of the deal for many reasons

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