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Updated over 7 years ago, 03/29/2017
When you're a wholesaler and a licensed broker question
Does anyone know if there are any additional disclosures or rules to follow in you're assigning a Purchase and Sale Agreement (as a broker) other than disclosing that you're a broker? To keep it simple, let's assume there seller is not a distressed seller.
I've had quite a few brokers tell me that I couldn't assign a PSA now that I'm licensed and that everything has to go through my brokerage. I don't think this is correct because I know brokers that are also wholesalers, by my response of "well I know people who do it" isn't a strong argument.
Does anyone know what RCW's or regulations I could use to double check my assumption and also help educate those that think this is wrong?
Thanks!