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Updated over 7 years ago on . Most recent reply

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7
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1
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Corbin Coombs
  • Baltimore, MD
1
Votes |
7
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Wholesaling as an Agent in Maryland

Corbin Coombs
  • Baltimore, MD
Posted

Hey BP family,

I am a new member interested in wholesaling.

I am also a licensed real estate agent here in Maryland but my license is not active.

My question is, with me being an agent, is it ethical for me to wholesale real estate?

Thanks 

Most Popular Reply

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609
Posts
341
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JR T.
  • Financial services executive
  • Frederick, MD
341
Votes |
609
Posts
JR T.
  • Financial services executive
  • Frederick, MD
Replied

I do not see any way to simultaneously honor the oath you took to safeguard your clients' interests and simultaneously cheat them out of their equity. 

Your best bet would be to team up with an experienced wholesaler you can refer "too small / too difficult" deals to in exchange for getting referrals of all the people too smart to do business with the wholesaler.

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