Real Estate Agent Punished for working with Wholesalers.

[James Wise]

The Ohio Division of Real Estate recently published some yearly reports that detailed all of the fines, punishments, license suspensions and license revocations they've issued to people for illegal activity.

Below you'll see wholesalers who were fined for illegally brokering real estate as well as an Agent who was fined and had his license suspended for working with wholesalers. 

Let this be a lesson to you that putting a property under contract with a seller so you can assign it to a buyer for a fee is nothing more than illegally brokering real estate. Anyone here on Bigger Pockets, or elsewhere, telling you it's not, is either an idiot or a criminal. Not only will the state go after the wholesalers, they will go after agents who were working with the wholesalers.

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