Wholesale deals. I'm agent how, how do I list for a wholeseller?

8 Replies

A friend of mine is a wholeseller and we wanted to somehow connect and do business together. I can't seem to figure out how I can list his property without me being somewhat involved in the deal. Can I some how list it give him the broker fee agreement and disclosure form for the owner and he takes it from there? Please enlighten me bigger pockets. Again I'm a real estate agaent and hes a "wholeseller"

Geeze,
First of all, he’s a “wholesaler”.
Secondly, you need to be asking your broker this, not a bunch of people on the internet who don’t know your state RE license laws, your local MLS rules or your broker’s policies.

Originally posted by @Wayne Brooks :

Geeze,
First of all, he’s a “wholesaler”.
Secondly, you need to be asking your broker this, not a bunch of people on the internet who don't know your state RE license laws, your local MLS rules or your broker's policies.

 Can someone give me a more clearer answer. I'm from PA and I'm at work just posting on the fly. I don't see anything wrong with getting input. Thanks

Originally posted by @Charles Coaston:

A friend of mine is a wholeseller and we wanted to somehow connect and do business together. I can't seem to figure out how I can list his property without me being somewhat involved in the deal. Can I some how list it give him the broker fee agreement and disclosure form for the owner and he takes it from there? Please enlighten me bigger pockets. Again I'm a real estate agaent and hes a "wholeseller"

 Just wanted to run a test and see if I'm in the wholesale section. Don't mind this post. 

What @waynebrooks said.    Regardless of what state you are from, or "posting on the fly". 

@Charles Coaston Ask your broker as laws and MLS rules vary from place to place.

However, I would be very wary of listing a property that the "seller" doesn't own.  

At best it might require a special disclosure. At worst it may violate both MLS rules and state laws.

I think what you really need is a listing agreement with the owner.  If you sell the property, then the owner can pay the wholesaler whatever he wishes, but remember that it is a violation of federal law for a licensed person to pay an unlicensed person in a real estate transaction.

Tread very carefully.

@Charles Coaston I’m a wholesaler in cali and I work with a agent friend of mine here and there here’s how we do it....if I get a prop under contract that needs very minimal work I use a hml to close my deal and then i have him list it for retail on mls....some people call this whole-tailing ( wholesale and retailing combined ) works like a charm and everyone makes money

@Charles Coaston I dont see anything wrong with asking advice either.  Here is what I have always found to be helpful.  If I meet a realtor, I just ask them to run the property by their cash buyers or investors.  I do not really think that you can list a property under contract as a realtor.  I would not recommend you do that either.  

If you have buyers you know that buy investment properties, run it by them.  If not, I would leave it alone.

Yep it's sounding like i Just run these deals past my follow agents and see if they could connect me with investors and cash buyers

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