Wholesaling in Iowa??

[Nick Gorham]

I've just completed two online courses in real estate wholesaling and have been doing extensive research on the topic for the past month, I currently live in and Iowa and am unsure of the laws surrounding wholesaling. I have yet to meet with an attorney 1 on 1 but have some questions I would appreciate being cleared up beforehand!

1) Do you need a real estate license to sell real estate wholesale in the state of Iowa? In other words, can I start finding deals without obtaining a license first?

2) What is the difference between a wholesaler and an agent or broker?

3) Are there any big legal no no's to avoid when wholesaling?

Thanks!!

[Bonnie Jones]

Here's what attorney William Bronchick says about the legalities of wholesaling. He differentiates between a broker and wholesaling. He is actually in Colorado, but he has some good information. 

https://www.youtube.com/watch?v=PMxxc96q_RY