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Updated almost 6 years ago,
Fines/Penalties for Brokering Without a License
One risk of wholesaling that is often mentioned is that it could be considered brokering real estate without a license. Is anyone aware of what the fines and penalties for brokering without a license might actually be by state, and/or provide me with links that could address this question?
Note:
- Please do not respond with opinions about the legality of wholesaling; there are many other threads that seem to endlessly discuss this.
- Also, please do not attach a link to a particular state's 5,000+ page website that contains all of the real estate statutes. I've already been there.... but I would appreciate a direct link that is targeted to this question that you may have picked up during, for example, your real estate license education and training.
Thanks for any assistance you can provide!