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Updated almost 10 years ago on . Most recent reply

User Stats

25
Posts
7
Votes
Hank Parater
  • Frederick, MD
7
Votes |
25
Posts

Wholesaling as an Agent-Maryland

Hank Parater
  • Frederick, MD
Posted

Any other Agents out there doing wholesales? Seems like a conflict of interest when talking to potential sellers.  

How about in direct mail campaigns? Should disclosure be printed?

Most Popular Reply

User Stats

18
Posts
8
Votes
Dennis Poulsen
  • Investor
  • Fairfax, VA
8
Votes |
18
Posts
Dennis Poulsen
  • Investor
  • Fairfax, VA
Replied

When talking with a potential seller (listing), you are not representing them. Once you have secured the listing, I can see where the conflict arises.  I imagine if you are taking a listing from a distressed seller, you can counsel them on a realistic price to expect form an investors buyer and price accordingly.  In this situation, your wholesale fee is your sales commission.

If, after speaking with the potential seller, a cash offer makes more sense for them I don't see a conflict.  You are acting as a principal for yourself at that point.

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