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Updated about 7 years ago on . Most recent reply

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Jose Angel dominguez
  • Imperial Beach, CA
6
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16
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Do I need a business license in San Diego for wholesaling?

Jose Angel dominguez
  • Imperial Beach, CA
Posted

I know you need a Real Estate License to sell a house but I will not be acting as an agent. I will only be assigning contracts to investors. 

San Diego wholesalers my question again: Do I need a business license to assign a contract to a buyer? If so what is the process? Do I need to register a FBN and then a Business license and under what description my business will be?  I will appreciate you guys honest responses thank you. 

Most Popular Reply

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623
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Karen Rittenhouse
  • Flipper/Rehabber
  • Greensboro, NC
615
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623
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Karen Rittenhouse
  • Flipper/Rehabber
  • Greensboro, NC
Replied

As long as the properties you buy and sell are your own, you do not need a license. 

It's only when you're working on behalf of another buyer or seller (which would classify you as their "agent") that you need a license. 

Most investors don't have a license because everything we buy and sell is for ourselves.

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