To Agents who are also wholesalers in California

To Agents who are also wholesalers in California

New to Real Estate · 92691 · Member since 2021 · 14 posts · 3 votes

Hi All,

This message is for all the agents who also do whole selling in California. Basic question, do you use the RPA and other CAR forms to make an offer on a house to wholesale? Or do you use ones found elsewhere online? How involved do you produce yourself as a real estate agent when wholesaling houses? 

Thanks!

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  • Title Representative · Irvine, CA · Member since 2017 · 874 posts · 519 votes
    5y
    Yes, we use an RPA and then an assignment agreement once we bring in the end buyer. We put disclosure verbiage that we are a licensed agent, and are acting as a principal for profit, and not as an agent on this transaction.
    • New to Real Estate · 92691 · Member since 2021 · 14 posts · 3 votes
      5y
      Originally posted by @Bryant Brislin:
      Yes, we use an RPA and then an assignment agreement once we bring in the end buyer. We put disclosure verbiage that we are a licensed agent, and are acting as a principal for profit, and not as an agent on this transaction.

      Hi Bryant 

      thanks for the reply! I'm a realtor in Mission Viejo looking to dive into the wholesaling game. Love your feedback!

  • Joe HomsBusiness Member
    Flipper · Mission Viejo, CA · Member since 2014 · 2k+ posts · 1k+ votes
    5y

    @Joseph Lane no I use a wholesale contract. If you use the RPA you will lose the deal in paperwork. Yes we disclose in our two page contract.

    Good Investing...

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