A Broker question for Wholesalers who are also Realtors.

[Account Closed]

I'm working on my Realtor License and also looking too Wholesale. Is it common practice to share wholesale profits with your broker or is it only on sales You actually close?

[Russell Brazil]

Wholesale deals are not something you would split with your broker. However make sure that your broker is ok with you participating in wholesaling. Most brokers will not be ok with this. Also check with your state real estate commission and make sure that practice is allowable in your state for licensed individuals.