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Updated over 7 years ago,

User Stats

20
Posts
2
Votes
Devin Amstutz
  • Toledo, OH
2
Votes |
20
Posts

Need help with questions about wholesaling in Ohio.

Devin Amstutz
  • Toledo, OH
Posted

My name is Devin, 21, from Toledo Ohio. I've been really thinking about getting started as an investor. I'd like to start out by wholesaling because I heard it was the easiest way but I've come to some problems. while reading on here I came across an article talking about how investors have been getting charged penalties for practicing "unlicensed activity". Basically selling and marketing houses you don't own or have title to. I know I could argue I'm not selling the property but better yet selling a contract that I have interest in. And I still heard people having legal problems. So here's where I need help with questions. I decided to just take my RE courses online to get my license because I thought that would end the legal problems of practicing "unlicensed activity". But now I'm seeing to take your final exam you have to be sponsored by a broker to practice real estate. Pain in the *** if you ask me. But fine, that's okay. So these are my questions. 1. If I'm sponsored by a broker can I leave after I pass the exam and go about my own with my RE license? 2. Or how do I go about working under my own name? Only want my RE license for access to MLS and so I'm not practicing "unlicensed activity". Any help would be greatly appreciated!

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