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Updated over 1 year ago on . Most recent reply

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Tim Hopwood
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State provision prohibiting option assignment with intent to resell

Tim Hopwood
Posted

Im trying to find out if there is a Kentucky state provision prohibiting a person, without a real estate license, from assigning an option, with the intent to resell. My understanding is that this varies from state to state. 

I know that optioning houses with the 'clear' intent to resell or 'not buy' could be construed as practicing real estate without a license by some.

Any direction is much appreciated. 

Thanks,

Tim

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Chris Seveney
  • Investor
  • Virginia
15,477
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Chris Seveney
  • Investor
  • Virginia
ModeratorReplied

@Tim Hopwood

Like almost every state, where the fine line gets crossed is the moment you market the property.

https://www.kentuckyrealestatecollege.com/adjustments-to-kentucky-law

  • Chris Seveney
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7e investments
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16 Reviews

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