Work as an agent & wholesaler: is it unethical?

[Account Closed]

Hello to all, 

Disclaimer: I have not done a deal yet, nor is my RE license hung on any wall. 

But it has got me to thinking. I will be getting my broker license eventually, and will get my first wholesale deal soon through hard work. But my question is this. Is it ethical to act as both? Obviously I don't mean on the same deal, but lets say you talk to a seller as an agent, and realize that they are motivated, so can you tell them that you are also an investor and would like to buy their home quick for cash without taking it to the MLS, and proceed from there. Vice versa, if a seller you marketed to as a wholesaler ends up wanting to take it to MLS, and you step in and say I am also an agent, and could represent you. Obviously, all this takes into account that in your PSA with sellers as a wholesaler you have agency disclosures and all. Is this illegal? Is this unethical? Thank you in advance.

[Aaron Mazzrillo]

I've never had luck getting a listing after making a wholesaler level offer. It just is such an absurd difference in value. If you offered me $100K and I said no, then said, "Well, I can list it for you at $180K" I'd think you were a kook. I've done exactly two listings after attempting to buy the properties. However, I'm not that motivated to do a ton of paperwork in order to collect highly taxable income. Just not my flavor.

I have referred out a lot of potential listings to agents, but only a few ever went to escrow and eventually trickled a check down to me. 

I'd prefer to just keep hammering them until they capitulate and take my cash offer. Otherwise, I'd rather do something else... or nothing, but I certainly aint doing no open house on your crappy property on my Saturday afternoon. 

Be like water. Follow the path of least resistance. Lock em up at a wholesale price, then convert the deal into a check or rehab it yourself. It is such an easy way to make money.