Questions about becoming licensed

[Chase Hancock]

My name is Chase. I am 21 and live in Fresno, CA. I'm currently educating myself on wholesaling real estate and thought it would be a good idea to get my CA agents license for liability purposes. 

Would that be a good idea? 

Once i get my license, if i do, can i then just start wholesaling properties as long as i disclose that i have my agents license but will not be representing them and that i will be acting as a principal in the transaction? 

Do i need to be under a broker? 

I am confused on what i need to do and it's hard to get a straight answer from people since everyone has told me something different.

I would greatly appreciate anyones feedback.

Thank you

[Brett Snodgrass]

Hi @Chase Hancock, 

I've been wholesaling in Indiana for awhile now and am a big fan of licensed wholesalers. Here's why...Having a license has helped me immensely as a wholesaler.

1. I have full access to theMLS, so I can look and compare Sold properties (Comps) in the area I am buying in.The software exceeds any other public software out there like Zillow or Redfin.

2. Saying I'm a broker gives a level of trust to people selling you their property. It gives a level of professionalism.

3. If you don't sell your property to a Cash Buyer right away, You can list it on theMLSand save your broker fee. and it gets your property out there for all to see.

There are a lot of negative feelings towards wholesalers in the REI community, but that's because there have been a lot who have had negative experiences with them. Do things the right way and you'll build a successful business for the long term. All the best.