Is this the usual attitude in wholesaling?

[Meagan Dorsey]

I am a licensed real estate agent. My husband has been looking into getting into real estate wholesaling.

After watching a bunch of videos and looking around wholesaling FB groups, I see that there is a very large majority of people that think that telling homeowners they are the buyers when in fact they really aren't isn't wrong.

Am I the only one that doesn't think this is right?

[Jay Hinrichs]

Originally posted by @Meagan Dorsey:

Thanks for your response. I actually had a meeting with a representative of my broker this morning and there are a lot of rules to be careful of when being an agent and doing wholesale. I found out that I can't even put out bandit signs because as a agent, you can't put out real estate signs without your brokerage name and the usual equal housing opportunity images on there.

He said wholesaling is perfectly legal as long as I am careful of how I tell things to a seller. Way too many things to list here.

My whole thing was seeing wholesalers who have no actual plan to buy a property at all but they tell the homeowners that and then sell the contract to an inestor. I've seen wholesalers say you have to tell the homeowners that what you are offering is the best they can get, when in fact if they put it on the MLS, they could get more and find a buyer just as fast.

I am looking into it but will not do anything unless approved by my brokerage. I don't want to do anything that will get me sued or lose my license.

 follow your moral compass.. if you think basically lieing to a client is OK  then that's were your moral compass is pointing to. ..  and it puts wholesalers in the used car salesmen category not a professional or providing a service the only service they provide is to make money for themselves.. which you can do being an agent.. or better yet be a true investor just buy the house do something to it and resell it..