wholesaling vs. real estate agent in UT.

[Zachariah Tuck]

I am wondering if anyone is familiar with wholesaling in UT, and the legality involving holding a real estate license while offering a wholesale contract. I recently came across a property in UT, and prepared comps, property analysis, and presented to my investor. Now I did not have the property under contract, however after doing hours of work and using my team to get details together, the investor then moved behind my back and pulled in their real estate agent on the property. and made a deal cutting me out of the process. There was over $150,000 in ARV equity

I did not put the contract under contract because I have not familiarized myself with UT law on wholesaling, nor have I found a legal representative inside the state yet.  So I recognize the backhand is my own demise.  However I really do not want put myself or my team in this position again.

Is there anyone familiar with Utah state law and any conflicts with wholesaling if I were to get a real estate license?

Does anyone have an attorney they use in the state for wholesaling contracts or someone versed that can point me in the right direction for legal questions/advice?

Note:  I am not a current UT real estate agent.  I just moved back after being out of state for several years.

[Logan McKay Zylstra]

No license needed. No real regulation here in UT regarding wholesaling.

You already learned, but be careful sharing info before getting properties under contract.