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Updated almost 6 years ago on . Most recent reply
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Wholesaling as a licensed agent in Ohio
Preface: PLEASE don't turn this into a thread debating the merits, legality, or ethics of wholesaling. There's enough of those already!
I've been taking my Ohio salespersons licensing courses and am nearly ready to sit for the exam. As I've begun speaking to potential brokers, I've learned that most are unwilling to sponsor an agent who will be doing wholesale deals on the side. Since doing my own investing "on the side" is my primary motivator for getting my license in the first place, I'm looking for brokers who are okay with me doing my thing--even if that includes wholesaling from time to time.
So my question is this. Who are some brokers that are okay with their agents wholesaling? Or is this some type of "don't ask don't tell" scenario? If you know but would rather not post publicly for whatever reason, please PM me. Thanks!
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Thanks, @Federico Gutierrez and @Caleb Heimsoth. Your responses share some similarities with what I'm hearing from brokers so far. Fortunately, I've had a few people respond offline to give me some leads on brokers that are willing to work with agents who wholesale. We'll see how those conversations go.