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Updated almost 7 years ago,

User Stats

26
Posts
6
Votes
Corey Woodman
  • boyertown, PA
6
Votes |
26
Posts

Are lease options legal if I'm not a realtor in PA?

Corey Woodman
  • boyertown, PA
Posted
are lease options legal in Pennsylvania? I've talked to many people including my mentor in an inter D who says they are. I just received a call from a local real estate agent who is pretty big in my area saying what I'm doing is illegal and I could be reported to the real estate agency of Pennsylvania or something. He's saying I'm acting as a real estate agent. I have the house under contract with the seller for a lease option, sandwich deal. I'm fairly certain I have Equitable interest and I'm selling that Equitable interest and not the house technically. A confirmation for some peace of mind would be awesome if anyone is familiar with Pennsylvania laws or experience with it. I was warned by a lot of people to look out for agents that are an experience with creative real estate investing that this would happen. thanks guys one love

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