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Updated over 4 years ago on . Most recent reply

Hamilton Blackwell's profile image
Hamilton Blackwell's profile image
Hamilton Blackwell
  • Real Estate Investor
  • from Roselle, New Jersey
  • Member since Mar 30, 2016
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Hamilton Blackwell's profile image
Hamilton Blackwell's profile image
Hamilton Blackwell
  • Real Estate Investor
  • from Roselle, New Jersey
  • Member since Mar 30, 2016
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Hamilton Blackwell
  • Real Estate Investor
  • Roselle, NJ
0
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Buying & Selling Real Estate

Is it illegal to wholesale (assign a contract) in New Jersey?

Hamilton Blackwell
  • Real Estate Investor
  • Roselle, NJ
Posted

Hey there fellow investors, I am new to wholesaling and just wanted to see if anyone knows if it's illegal to wholesale in NJ, also, does it require a license of any kind.  My understanding is no to both questions but just want to confirm as I have heard conflicting opinions on the matter.  Thanks for the help!

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Chris Purcell's profile image
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Chris Purcell
  • Investor
  • from Philadelphia, PA
  • Member since Dec 9, 2010
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Chris Purcell's profile image
Chris Purcell
  • Investor
  • from Philadelphia, PA
  • Member since Dec 9, 2010
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Chris Purcell
  • Investor
  • Philadelphia, PA
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Chris Purcell
  • Investor
  • Philadelphia, PA
Replied

it's only illegal if one of the parties in the deal gets mad, contacts the RE commission, and they decide you were acting as an agent without a license

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