Wholesellers being called out in S.Florida

[Rod Desinord]

I saw commercials down here in south florida within the past week from a company calling out wholesellers. Commercial basically said "why sell your house to a so called cash buyer who doesnt have the money?" it continued to give their number where people could call them to sell the home. Seems to be getting super competitive now/ 

[Bill Gulley]

In any state, when you execute a purchase contract you must have the intent to purchase and the ability to do so, this is basic contract law, nothing to do with real estate license law. If you do not intend to purchase as stated in the contract then you are not acting in good faith nor are you expressing your true intentions which is lying, you contract is voidable. If you do intent to purchase, honestly and can show that you can do so but then change your mind, you can assign a contract. But, if you never buy and enter contracts that you always assign, the fraudulent dealing becomes obvious. :)