New realtor/new investor

[Daryl Williams]

hey all, i am new to bigger pockets and investing as a whole. I am a realtor in Spartanburg SC (got my license a few months ago ) but i want to get in to wholesaling and eventually flipping. From experience are realtors allowed to wholesale? It seem kinda weird i guess. Im going to speak to my broker about it next week but im not sure what to expect. Also if it is ok, how can i use that to my advantage?

Any advice would be greatly appreciated..

Thank you.

[Kristen Sinclair]

Hi Daryl and welcome to BP!

I'm in a very similar situation to you in that I'm new to investing and recently got my real estate license.  I was lucky and found a brokerage that was started by a couple who were investors first then the wife got her license as a way to supplement their investing business.  Most brokerages (from what I'm told) are not very investor-friendly and discourage their agents from trying to do deals because it can violate the code of ethics.  But, it depends on how you do it.  When I meet with a seller, I'll tell them I am here as a buyer but I'm also a licensed real estate agent (full disclosure).  For some sellers this can give you a bit more creditability.  When deciding what type of deal works best for the seller's situation, I'm first acting as a buyer and trying to get the best (and fair) deal.  If it's in the seller's best interest (or if they just want to) list the property for sale, switch over to the agent's hat and get a signed listing agreement meaning you are now working for the seller's best interest.

Like I said, most brokers will frown upon this because they're not investors and don't know how that side of the real estate business works.  If you're upfront with the seller and treat them fairly, you're actually offering them more options for selling their house.

Good luck to you!