The Danger of Wholesalers Holding Real Estate Broker or Salesperson Licemse

[Don Konipol]

 More and more states are requiring wholesalers to be licensed.  I have stated before that this could be a trap for the wholesaler, whom, if licensed may be taking on a responsibility to the seller that is at a minimum in conflict with their object of paying a below market price.  The following applies only to Texas.  The Texas Administrative Code, 535.144

(c) A license holder acting on his or her own behalf or in a capacity described by subsection (a) shall not use the license holder's expertise to the disadvantage of a person with whom the license holder deals.
 
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