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Updated about 9 years ago on . Most recent reply
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Is this appropriate??
Hi everyone! Just need some advice on this issue: I've been wholesaling for about a year, and a couple of months ago I got a new buyer. Seems ok but while I was showing a house to him, he gave his card to my seller. I find that to be inappropriate. Why would my seller need his information to contact him?? He is actually a big time full time wholesaler in this area. He's been doing this for YEARS. Anyway fast forward to the next properties, lately he's been somehow offering exactly $4,000 above my buy price for the last 3 deals and I suspect it's because he's getting the sellers to tell him exactly what I paid for the property when I'm not there during his initial walk through. I know $4k is not bad but I'm thinking he's being sneaky about this. Should I allow my buyer to give my sellers his card? Should I continue to send him to my sellers house ALONE for a viewing? I don't know if this is appropriate please help!
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James Wise
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Your looking at this the wrong way. Stop the unlicensed brokerage activity that you are currently doing.
Go to class and get licensed. Play above board and good things will happen to you. Meet with sellers and sign them up to a listing agreement. There would then be no legal way for your "buyer" to sidestep you. Problem solved.