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Updated over 6 years ago on . Most recent reply

User Stats

42
Posts
5
Votes
Hao Dinh
  • Real Estate Agent
  • Arlington, TX
5
Votes |
42
Posts

Wholesaling as a real estate agent ? Yes or No ?

Hao Dinh
  • Real Estate Agent
  • Arlington, TX
Posted

Hi BP !!!

As a real estate agent, Do i have to use trec form to wholesaling or i can use whatever i can find from online ? 

and I know i have to disclose that im an agent if i use Trec form but is that all you need to watch for when you want to wholesaling ? or is there anything else you need to be caution about ?

I hope i dont ask for too much, but It would be awesome awesome if someone can send me an example of 1-4 trec form doing wholesaling . thank you so so much :) 

Most Popular Reply

User Stats

135
Posts
40
Votes
Tyion Bridgeman
  • Real Estate Agent
  • Atlanta, Ga
40
Votes |
135
Posts
Tyion Bridgeman
  • Real Estate Agent
  • Atlanta, Ga
Replied

It's illegal in most states because its essentially you getting paid net commission which most states outlaw as it limits your incentive to act as a fiduciary to the seller. Who even though you may not have a formap agency relationship, agency may be implied as you are taking the seller under contract to arrange a sale of his property to another. Definitely a no no 

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