State Real Estate Commission issues? Contract Issues

[Aaron McKeehan]

Hey BPers, after looking into this particular service(wholesaling) I ran into two issues early on and I was wondering if any one had any experience with this issue and/or advice about it:

1. When Wholesaling without a Realtors/Brokers License, has anyone ran into issues with their States Real Estate Commission?

2. For your contracts, do you use custom contracts, or your states default contract?

Any advice related to both of these items would be greatly appreciated.

If it helps any, I am located in Colorado, and hope to do business here.

[Adrian Tilley]

@Aaron McKeehan

1. Shouldn't be a problem as you're only selling property you have an interest in.

2. The form contract would be a good place to start, but I'd think there would be many things you'd want to change on both the buying and selling side. You might want to get it drafted by an attorney so that you know your bases are covered.

Good luck!