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Shawn Connors's profile image
Shawn Connors's profile image
Shawn Connors
  • from Downingtown, PA
  • Member since Jun 13, 2015

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Shawn Connors's profile image
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Shawn Connors
  • from Downingtown, PA
  • Member since Jun 13, 2015
Shawn Connors
  • Downingtown, PA
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Wholesaling

Disclosure in Agreement of Sale

Shawn Connors
  • Downingtown, PA
Posted

Hey BP!

I have a question for all the wholesalers out there.  In your AOS do you have a clause in there which states that you will be making a profit from the purchase of said property or do you disclose this to the seller when you speak with them?

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Jay Hinrichs's profile image
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Jay Hinrichs
  • #1 All Forums Contributor
  • Real Estate Consultant
  • from Summerlin, NV
  • Member since Jan 29, 2014

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Jay Hinrichs's profile image
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Jay Hinrichs
  • #1 All Forums Contributor
  • Real Estate Consultant
  • from Summerlin, NV
  • Member since Jan 29, 2014
Jay Hinrichs
#1 All Forums Contributor
  • Real Estate Consultant
  • Summerlin, NV
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Jay Hinrichs
#1 All Forums Contributor
  • Real Estate Consultant
  • Summerlin, NV
Replied

I don't necessarily agree with the above advice.

I always put this statement .. ( since I am licensed and your licensed and the other person is licensed) this won't hurt you can only help you.

" Buyer is a licensed real estate broker in the state of ??? and is a principal in this transaction and is buying this property for Loss or Profit .....  "   

I believe in full transparency in these deals.

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