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Updated over 5 years ago,
Licensed Real estate agent - Legality of wholesaling question
Hey everyone!
I’m a licensed realtor in Florida and I have a question about wholesaling and it’s legality as an agent.
I have a large agent in my office that is running aggressive online campaigns to generate distressed properties/leads. She plans to get the properties as a listing.
I was curious if I was I could send a purchase contract to her with the assign- ability clause under my name/company?
Could I then wholesale those properties? By charging a consultation/finders fee?
I don’t want to make a killing on one deal, I was thinking 5k per deal.
I have an extensive list of cash buyers, as I currently deal with many of them on a regular basis.
I’ve done investment deals before but always as an agent representing the buyer or seller.
Any advise you guys can give would be very appreciated!