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Updated over 9 years ago on . Most recent reply

User Stats

29
Posts
7
Votes
Kevin Stein
  • Real Estate Agent
  • Oshkosh, WI
7
Votes |
29
Posts

Wholesaling as a licensed agent

Kevin Stein
  • Real Estate Agent
  • Oshkosh, WI
Posted

Hello everyone,

As of the first of the year I became a licensed agent in Wisconsin.  I'm just getting that business up and running (5 transactions closed so far) but I also wanted to start wholesaling.  I'm looking for advice from other agents that wholesale:

  1. Does my direct mail marketing have to disclose that I'm an agent?  I understand that on the phone and in person I need to disclose this...I'm asking specifically about mailings.
  2. If so, do I actually have to put my name/agency on the direct mail...or just that I'm an agent?
  3. Non-licensed folks aren't required to use the state approved Offer to Purchase.  They typically use a shorter document (in WI it's currently 9 pages long).  Do you see using the state approved offer form as a problem?  Should I have the paperwork completed by my wife instead so we don't have to use the state forms?
  4. Any other conflicts or watch-outs I should be aware of?

Thanks for any input!

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