Would this ELIMINATE the Need for Government Regulation of “Wholesaling”?

[Don Konipol]

If “wholesaler” (used in the sense of contract flipping, not people who close on purchase and resell) were required to disclose in writing to home sellers that they are not purchasing the home, are only trying to “flip” the contract, and the sale will only close IF a buyer at a higher price can be found, would this eliminate the need (if a need does exist) for government regulations being enacted and or for “wholesalers” to be licensed real estate agents?

What do you think? 

[Jay Hinrichs]

to me its bringing buyer and seller together for comp.

so if the contract flipper gets a pass then why do we need any real estate licenses at all.

just a disclosure that someone is going to make a fee doing brokerage if no brokerage laws existed like in china no one needs  a license there.