Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Agent
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on . Most recent reply

User Stats

274
Posts
56
Votes
Joseph Pytcher
  • Developer
  • Frisco, TX
56
Votes |
274
Posts

Question Regarding Unlicensed Employee TX

Joseph Pytcher
  • Developer
  • Frisco, TX
Posted

I own a real estate investment company here in Dallas (we flip single family properties) and I have a full time W2 employee that acts as an acquisitions manager that finds deals through wholesalers however he is unlicensed but I am licensed. Does anyone know the rule on calling wholesalers directly for deals if you don't have a license even though he is a W2 employee? He is finding properties for myself to buy, not for someone else. Just need clarification on this rule. 

Reason why I ask is because this is done extremely often in our business. Wholesalers cold call sellers directly to negotiate contracts and buy/assign deals without a real estate license all the time however the state of Texas requires a license for any type of solicitation.

Any legal work around that I am missing so I am compliant on this issue? Last thing I want to do is not be in compliance with TREC so I want to make sure we're good. 

Thanks,

Joseph

Loading replies...