Licensed RE agent and wholesaling fees?

[Chris Stromdahl]

Disclosure: I understand that none of the responses are any form of legal advice.

State: Washington

Should the wholesaling fee that I receive be reported to my brokerage?

Do you know if the state licensing agency requires it?

Thanks, Chris

[Gerald Harris]

Ethically:   The wholesaling fee should be reported to the broker

Make sure you check with your state.  Doing wholesaling as a licensed real estate agent may be a conflict of interest and could put the license in jeopardy.  

That being said:  If the state finds out you are doing wholesale deals as a licensed agent it could get real sticky.  Why not buy the properties using transactional funding/double closings?