Updated over 5 years ago on . Most recent reply
Wholesaling in Utah
I'm interested in wholesaling in Utah (Salt Lake and Utah counties) and was wondering if there were any laws that I should be aware of before I start. Also, if anyone has a purchase & sale agreement I could reference, that would be awesome. Thank you!
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This is an older thread but I thought I'd post an update. The Utah DRE has started to take a long hard look into wholesaling in Utah and licensing. Up till now they've had loose guidelines as to when you could wholesale with or without a license. But they are now trying to solidify those guidelines. This is due to brokers complaining to the division about it. They will certainly make the push to make is a licensed-only activity. I will be working with the DRE over the next few months to help shape those guidelines as favorably as I can. But, for now, you should be careful if wholesaling without a license. And if you are licensed, you should also be careful if you not running the deals through your broker. I will keep everyone updated. Keep an eye out on our website for upcoming webinars over the summer on this.
Jeff