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Updated over 9 years ago on . Most recent reply

User Stats

153
Posts
131
Votes
Arissa Pedroza
  • Real Estate Agent
  • San Antonio, tx
131
Votes |
153
Posts

Licensed agent and wholesaling in Texas question

Arissa Pedroza
  • Real Estate Agent
  • San Antonio, tx
Posted

I am a licensed agent in Texas and have a FSBO I want to wholesale. Can I use the TREC contract and if so:

- Do I put in all of my Brokers information?  If I am doing the deal as an investor and not an agent, not sure if I can leave the agent part out.  Obviously I will disclose but not sure of the verbiage

- Would I put the buyers name (me) as "my name and/or assigns"?

Thanks and if you have anything else to add, let me know.

Most Popular Reply

User Stats

2,065
Posts
1,666
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Guy Gimenez
  • Investor
  • Corpus Christi, TX
1,666
Votes |
2,065
Posts
Guy Gimenez
  • Investor
  • Corpus Christi, TX
Replied

@Arissa Pedroza

Just a some quick questions Arissa.  

Wouldn't you be better served to partner with an experienced investor and learn to do it right rather than trudge along and hope you don't make a mistake?  You can't learn to fly an airplane by asking a few basic questions of experienced pilots and you can't learn to invest in real estate by asking a few basic questions of experienced investors on BP.  

I only ask because your question leads me to believe you're very, very new to this and don't have the guidance necessary to keep you out of hot water with either TREC or the law.  

I always recommend you learn from other's mistakes rather than your own...it's a lot less expensive.

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