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Updated over 11 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?

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