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Updated over 8 years ago on . Most recent reply

Rigo Medina's profile image
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Rigo Medina
  • from Arlington, Texas
  • Member since Feb 7, 2016
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Rigo Medina's profile image
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Rigo Medina
  • from Arlington, Texas
  • Member since Feb 7, 2016
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Rigo Medina
  • Arlington, TX
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Buying & Selling Real Estate

Wholesaling - Why do some Real Estate Agents say it is not legal?

Rigo Medina
  • Arlington, TX
Posted

I recently shared the idea of Wholesaling to a Real Estate Agent. (she is new to Real Estate)

I regret sharing the idea with her. She pretty much scolded me and said that it is illegal to practice real estate without a license.

Any thoughts on why she would say this, other than the reason that she does not know?

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Chris Mason
  • Lender
  • California
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Chris Mason
  • Lender
  • California
ModeratorReplied

I'm sure if anyone would believe it, there would be loan officers and mortgage brokers who would say that it's against the law to lend $5 to your friend (secured by a six pack of beer) without them getting a cut of the action.

  • Chris Mason
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