Brokerage fees for Wholesaling if licensed?

[Matt Santos]

Hello folks,

I'm experienced in rehabbing and flips and was a Realtor for several years. Because I'm just getting a new start into RE, I'm looking into wholesaling as a means to generate some capital for eventual buy and hold.

Regrettably, I gave up my license several years ago and since then, my State requires a Broker's license now, which means more $ and time. Because of this change, I'm weighing the pros and cons of re-licensing.

I've listened to nearly every podcast on BP and don't recall anything specifying a brokerage fee for conducting wholesale deals. By that, I mean, as a licensed broker/agent, your license has to hang somewhere and that establishment charges certain fees for transactions and affiliation. If I closed a wholesale deal as a licensed broker/agent, would the establishment where I hang my license take a piece of the deal?

I realize that wholesaling is essentially "brokering a deal" and if you do too many without a license, the state attorney general may crack down on you. I definitely want to do business ethically and legally, so I was wondering if someone could enlighten me.

The reality that wholesaling isn't a get rich quick strategy is not lost on me. That is why I'm trying to gather as much info as possible before I start my marketing campaign.

Thanks for your input,

Matt