Hello All... Aspiring REI from MI New to BP and loving it!

[Lanny Bostwick]

I've been wanting to get into rei for some years now but never knew when to start, luckily I hadn't waisted to much money on guru info before I found BP. 😊 I've been watching every podcast I can find, bought @BrandonTurners book and have been listening as well as read through most of it! My main focus right now is going to be wholesaling,  but i want to make sure that is within the state regs and completely legit obviously.  I chose wholesaling due to limited funds as well as the fact I believe it would be a good way to network out of the gate. 

OK, so I've been looking into getting my real estate sales licensing because I've seen many forums where it is cloudy about the legalities of wholesaling without it, as well as the fact i could use the formal training.  Now is it a must that i work under a broker or "hang" my license in order to even get it,  because that has been what I've gathered from online.  I just want it for the training and to wholesale completely legal without fear of getting blacklisted before getting started lol,  ADVICE? 

THANKS ALL! 

[Jon Whitener]

A young attorney named Jeshua Lauka has a blog about RE law in Michigan.  He was kind of enough to answer my question about this.  

My question was: Is it legal for a person to "wholesale" a property in Michigan?  Without a license?

Here's his response:

Michigan law defines real estate broker broadly

The exemptions are pretty limited:

Essentially, if you are performing these services as a primary part of your occupation, Michigan law requires you to be licensed. 

This is why I always advise clients to err on the side of safety and just get licensed- particularly in light the AG’s office

Sincerely, 
Jeshua T. Lauka

David & Wierenga, P.C.
Attorneys at Law
99 Monroe Ave. NW  Ste. 1210
Grand Rapids, MI  49503