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Updated over 3 years ago,

User Stats

37
Posts
8
Votes
Brandon Phillips
  • Real Estate Agent
  • Des Moines, WA
8
Votes |
37
Posts

What can't I do? Licensed realtor

Brandon Phillips
  • Real Estate Agent
  • Des Moines, WA
Posted

It's been a good couple of months as a new realtor. Working with 3 buyers currently and my first listing closes this week! I want to take on wholesaling, Brrrr's, fix and flips etc. However, I'm learning that because I am licensed I am held at a very high standard. My question is, what kinds of limitations, or legal issues do I need to be wary of, during activities like wholesaling or purchasing my own off-market deals? Is my brokerage entitled to a commission with every deal I purchase or assign? When writing contracts for my own personal off-market deals am I not allowed to use mls forms/addednums/contingencies?

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