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Updated almost 2 years ago on . Most recent reply

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Account Closed
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Wholesaling

Wholesaling as A Real estate agent?

Account Closed
Posted

Can a real estate agent do wholesaling if an agent is working under sponsoring broker?

Houston, Texas
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David Ramirez
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David Ramirez
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Yes, remember that you don't have to go through a real estate agent to purchase a property. With that said, if you are buying a property you are acting as a principal, not an agent. Purchase under your LLC and hire a lawyer to draft you a Purchase and Sale agreement and an Assignment agreement, make sure both contracts state that one member of the LLC holds a real estate license.

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