Wholesaling as a realtor

[Marcus Nickson]

Hello BP Members,

I'm a realtor but I would like to wholesale also I'm a Texas realtor so I would like to know if you Texas realtors use the TREC contract to wholesale or do you use your own custom contract? Thanks in advance

[Sam White]

My advice, I am a real estate agent, and investor who will wholesale my rights to buy a property.

See the way I worded that?  You do not want to be party to a wholesale as an agent.  Your broker, will likely discourage you from wholesaling because they dont understand it. And most real estate agents and retail brokers are rule abiding nancies. 

You need to establish an LLC. Go under contract to purchase as that LLC with a sales contract that says "Busines Name LLC and or assigned" as the buyer.

Then you assign the contract to the new buyer with an assignment form.  Use an investor friendly title company.  All this can be done without being on the radar of your license.  Which is totally and fully legal.   A business is allowed to contract a property and then sell its rights to purchase for a fee. 

I am in Dallas as well, if you need help moving a contract give me a holler.