Wholesaling as a licensed realtor in Florida - Contract Question

[Shubham Aggarwal]

I am a licensed realtor in Florida that is looking to get into wholesaling. I understand that I will have to disclose that I am licensed to the seller/agent/buyer. My main question is:

Since I am licensed, so I have to use the state-regulated FAR/BAR contract? Or can I use any contract I want? I have seen a bunch of great wholesaling contracts that are out there for free (Jerry Norton, Jamil Damji, etc) that I would like to use, but I am not sure if my license will prevent me from doing so. I will reach out to my brokerage but wondering if any of you had experience in this in Florida (or anywhere).

[Bubba McCants]

Quote from @Shubham Aggarwal:

Quote from @Katlynn Teague:

You need to use your state-regulated form. 

Since you hold a license you are held to different standards and requirements. If you are looking to wholesale full-time I would recommend going to a wholesale brokerage! This way you are protected and you get to learn from a team. Or you can put your license on in-active and go about it the other way!

Thank you again! When using the state regulated form, do I have to list myself and my broker as representing myself (obviously without any commission)? Or can I not represent myself and act only as the principal, while disclosing somewhere in the contract that I am licensed?

 In the state of Florida you can represent yourself, II do it all the time.  You must disclose that you are a "Licensed Florida Realtor" on the contract and always best to make sure the other party is clear on that.  Now, discuss with your Broker as your firm might have a different policy to follow.