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Updated over 5 years ago on . Most recent reply

Sharon Marks's profile image
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Sharon Marks
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Goals, Business Plans & Entities

Wholesaling as a licensed Real Estate Agent in MA..

Sharon Marks
Posted

Hi Everyone, I was wondering if as a licensed real estate agent in Massachusetts, do I need to pay my broker a commission on my wholesaling deals? considering I'm not using their brand to do so...

Do I have to disclose to EVERYONE I deal with (seller, investor, buyer) that I'm a licensed agent?

I wish to open an LLC for the purpose of Wholesaling, investing etc...would that be an issue considering I'm working under a broker?

Thanks in advance

Sharon

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Lien Vuong
  • Real Estate Agent
  • from Boston, MA
  • Member since Jun 17, 2018
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Lien Vuong's profile image
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Lien Vuong
  • Real Estate Agent
  • from Boston, MA
  • Member since Jun 17, 2018
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Lien Vuong
  • Real Estate Agent
  • Boston, MA
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Lien Vuong
  • Real Estate Agent
  • Boston, MA
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It's illegal for you to wholesale a property as it is considered a net listing. You have to legally disclose to all parties that you are a licensed RE agent. You can create any LLC you wish.

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