New Wholesaling Laws and Rules

[Nehemiah Thorn]

Hello, does anyone know about the city ordinance in Atlanta GA regarding the activities of wholesaling real estate? Does Georgia require wholesalers to have a real estate license? Thanks.

[Kalim Kalla]

Originally posted by @Nehemiah Thorn:

Hello, does anyone know about the city ordinance in Atlanta GA regarding the activities of wholesaling real estate? Does Georgia require wholesalers to have a real estate license? Thanks.

In GA Wholesalers are not required to have their state Salesperson License, but as @Brenden Mitchum mentioned majority of the above board wholesaling/ investment focused companies/brokerages do require this in order to maintain a more professional conduct of business.

I will say in the real estate realm of GA and i'm sure of it throughout the country, your retail agents generally scoff at wholesalers with or without the license often thinking that we have no knowledge of the industry and are low life's in the space. Coming from an extremely analytical background with my college degree in real estate from UGA- I still get agents that I speak to that have 0 respect for the work I do and undermine my intellectual capacity. That being said- personally I find it gives me an edge to be able to state I have my license in the wholesale realm just off the bat it presents that I am held to a higher code of standards than your avg unlicensed wholesaler in GA. This is not advice, but if you plan on doing wholesaling in GA and do not plan on joining one of the investment brokerages I do not think it is worth it to get your license. 

I hope this answers your question and delves more into my personal experiences in the space!