Updated almost 7 years ago on . Most recent reply
Wholesaler to Wholesaler question
Hello. I have a question regarding working with another wholesaler. If I'm the wholesaler who is bringing the buyer into the deal, is there some kind of contract which states that the other wholesaler isn't able to take my buyer for future transactions? This buyer is very serious and I put in a lot of time to find this buyer. Does this kind of contract exist? Thank you all.
Most Popular Reply
Greg
There is no such binding agreement that will allow you to lock up a buyer for the future or prohibit a seller (wholesaler) from doing business with the buyer in the future.
This would be like a Realtor claiming rights to his client for the next umpteen years after a transaction was completed, it isn't going to happen.
Loyalty is one thing, forced loyalty doesn't exist and isn't enforceable. Investors are free game and calling dibs is for the playground.