Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 10 years ago on . Most recent reply

User Stats

41
Posts
6
Votes
Luis Saez
  • Hartford, CT
6
Votes |
41
Posts

Legal question on whole saling in connecticut

Luis Saez
  • Hartford, CT
Posted

i just realized that when i start wholesaling, that the entire process can look like brokering a deal without a license.  Even though I'm technically assigning contracts i.e. assigning my interests to someone else, of which is legal.  That is, I'm not finding a buyer for the seller, I'm finding a buyer for ME.  For me because I'm assigning my interests. 

But at any rate, can my assignment fee be construed as consideration for brokering a deal when in reality I'm assigning my equitable interests in the property?  And if it can be construed as such, how is this sorta thing circumvented in Connecticut?  Am i required to use a licensed broker on each deal?

Loading replies...