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Updated about 7 years ago on . Most recent reply

User Stats

17
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5
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Calvin Rankin
  • Norwalk, CA
5
Votes |
17
Posts

Interacting with agents

Calvin Rankin
  • Norwalk, CA
Posted

Reading through the forums I came across a post by a new wholesaler in Maryland. She had sent out yellow letters and gotten a response from a realtor who was representing the homeowner and she wanted advice on how to proceed. One of the people responding pointed out that she should be sure she knew wholesale laws for her state before speaking with a realtor. He stated that If her intent was to make an "offer to buy your house for cash" and the truth was that she planned to wholesale it off to someone else, the realtor might catch this, and if illegal, might be inclined to turn her in to the local agency that controls. Is  this something that I should be concerned about in California? Where would be a good start to become educated on the laws regarding wholesaling in California?

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