Wholesaling with a real estate license

[Monica Davies]

I'm a newbie investor, and thought it would make sense to get my real estate license, hoping to save myself a lot of commissions on the future. I'm located in Utah, and I'm wondering how this effects wholesaling deals, for better or worse.

[Jim Brewer]

As long as you're doing things by the book it should not affect your license. Use the proper contracts and make sure you disclose to anyone and everyone that you are a licensed agent.

As a wholesaler you are looking for motivated sellers. You will run across some that want/need to sell but don't have enough equity in the house for a good wholesale deal. As a licensed agent you can still make money on these leads by listing the house for them. That's the huge upside to having your license.