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Updated over 7 years ago, 03/29/2017

Account Closed
  • nowhere, MN
2
Votes |
4
Posts

When you're a wholesaler and a licensed broker question

Account Closed
  • nowhere, MN
Posted

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!

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