Laguna Niguel, CA · Member since 2015 · 71 posts · 29 votes
I was talking to an escrow officer and she mentioned that doing assignments of contract or double closings requires one to have a license since they are considered real estate transactions.
I know that they deal with investors because I found their info from one of the BP forum discussions under recommended escrow contacts. They used to do a lot of these assignments and double closings a few years back, although it has slowed down recently with the hot coastal CA market making it harder for wholesalers to find deals with enough spread to move it to the next guy.
So, is having a license a requirement specific to CA or is that information inaccurate or am I missing something else?
Laguna Niguel, CA · Member since 2015 · 71 posts · 29 votes
11y
Alright @Account Closed Found what I was looking for. Thread started for OH, but many references to CA. I'd better get a license. Better safe than sorry..
San Francisco, CA · Member since 2015 · 39 posts · 9 votes
11y
I haven't done any flips in CA, margin just too thin. I may go that route too and get a license. For what I'm doing now I need MLS access. Thanx for the heads up @Han Oh