Wholesaling

[Shirley Johnson]

Are there problems in Wholesaling RE in Illinois ???

[Don Lawlis]

Hi Shirley. My wife was raised just up the road from you in Hazelcrest in the mid '60's. My how things have changed...To answer your question, it depends. If you are not a licensed Realtor/Broker, many would say it is illegal, since for all intents and purposes, you are acting as a broker. I would tend to agree with that line of thinking. There has been tons of discussion about wholesaling on the site here. There is a recent thread that has been discussing how several states are cracking down on unlicensed wholesalers. Here is the link

http://www.biggerpockets.com/forums/93/topics/1847...

HTH, Don