Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago, 08/10/2016

User Stats

9,365
Posts
6,550
Votes
John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
6,550
Votes |
9,365
Posts

Our REIA Meeting With DBPR: re what is unlicensed brokering

John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
Posted

We had the REIA meeting yesterday. DBPR was kind enough to send an investigator down and cover the topic: what constitutes unlicensed brokering. She did address one specific case where the file has been turned over to the state attorneys office for prosecution. The person is a "wholesaler". However, many other questions were asked and the answer was "that depends", give me "specific situations", etc. Part of the issue I believe that brought on these answers was that she is NOT an attorney, but an investigator. Once she has gathered facts, she sends them up the chain of command for a decision. There was one term tossed about: equitable interest. Is $1000 adequate for "equitable interest"? Depends! Everything considered, our local REIA is top notch and their goal is education. No hype. No seminars promoted. The investigator gave the best answers she could without giving legal advice.
Special thanks @Jeff Tumbarello for this great organization.

Last, it was a pleasure to meet my friend @Wayne Brooks. He drove over from the east coast.

Some questions still remain as to how assignments MAY work, if that particular method or actions are legal, etc. By far, the absolute safest way is to get on title. You can buy and sell all you want without being a licensee and without having someone with the state claiming illegal activities. 
Here's to prosperous investing to all in the coming years!

Loading replies...