
12 November 2024 | 26 replies
Requiring a real estate license can potentially be a “trap” for wholesaling, as real estate licensees may in in violation of their code of conduct by way of their wholesaling activities.

11 November 2024 | 65 replies
There is a licensee with status of revoked named Robert E Stevens though.

25 October 2024 | 12 replies
You can quickly search a licensee on the NMLS website with their license number.

30 October 2024 | 236 replies
The governmental agencies will argue this means the licensee - wholesaler - contract flipper will need to get a signed statement from the homeowner stating that the homeowner is aware his home is worth more than the licensee - wholesaler - contract flipper is paying; that he is aware that the wholesaler will not close and the deal will only close if he finds a buyer at a greater price and THAT buyer closes, and that the licensee - wholesaler - contract flipper doesn’t have a particular buyer ready to buy and is going to market the property without the benefit of having it on MLS.

16 October 2024 | 17 replies
He said that:" licensees are not allowed to pay consideration for referrals, defined as anything of value, to someone who is not a real estate licensee.

16 October 2024 | 16 replies
Texas licensees are not allowed to pay non-licensed individuals for referrals.

11 October 2024 | 7 replies
Tell the current PMC to transfer the SD to the new PMC, that way they have a record of handing it off to a licensee (assuming PMCs are required to be licensed in your state) and are covered in case of a Real Estate Commission inquiry.

2 October 2024 | 22 replies
He CAN pay you a referral fee if you send him a real estate client that he completes a transaction with in his real estate licensee capacity.

27 September 2024 | 2 replies
The licensee has no choice but to only use TREC contracts.

7 September 2016 | 6 replies
If you attempted doing that as a real estate licensee, that would be an ethics violation that could put you in hot water and wind up costing you hundreds to thousands of dollars in fines.