Selling homes without a license is a 3rd degree felony

[Dennis Marshall]

I recently got a letter in the mail from the Florida Department of Business & Professional Regulation.

It stated that I has committed a 3rd degree felony because properties i had listed on sites like Hotpads & zillow were never in my name.

What happened was I was marketing the home for another investor and like most investors, only bring out option contracts once a buyer is found..

Well apparently an agent saw one of his properties and reported.

Now I was not worried about it at first after getting some not so good advise but then I talked to some people that went through this same ordeal and they were like you need to call this guy asap..

This was after I got an email saying my case was going to the state attorney... Turned out that they just wanted to warn me about what I was doing but I got off lucky...

This crime is punishable up to 5 years and a fine of 5000.

I'm doing this to get some feedback from other investors that went through the same thing and also let the newbies know that they cant just go listing other investors properties like crazy on public websites.

What are your thoughts? EVer got one of those letters in the mail?

[J Scott]

A good rule of thumb is that unless you own or control a property with marketable title (i.e., have a contract on it), you shouldn't be trying to sell it without a license... :D