Would my situation require a RE license or LLC?

[Account Closed]

I am currently in the learning stage about wholesaling. If I were to find a deal for a wholesale investor, and pass the sale to them for a cut of profit in return, would I be legally allowed to do this without an LLC or RE license? This would include me receiving phone calls from motivated sellers, putting post cards in people's mailboxes, information such as names and phone numbers on the cards, and looking into buy homes. The reason I am interested in this approach is my young age (16). Thank you for any help.

[Fred Heller]

In most states you don't need a license for wholesaling, but I understand that Ohio is one of those states where the RE commission is coming down on unlicensed wholesalers because they view it as brokerage activity. Hopefully someone  from Ohio will have more details.

The other thing is that in most states you can't legally sign a contract if you are under 18. You also need to be 18 to get a RE license.

What you can do is use the next two years to learn as much as you can about the business so you'll be ready to hit the ground running when you turn 18. I would try to get a part-time job maybe doing office work for a real estate broker or a wholesaler. Or look into internships or mentoring programs.

Good luck!