"Wholesaling" without a real estate license?

[Frank Eimiller]

How can someone wholesale without a real estate license? Although i'm not too familiar with the entire method of "wholesaling" anyways, I know there are opportunities for it in my market. (I live in a city of 43k people and I've NEVER seen a "We buy houses" card, letter, or sign.) Without getting too far into it, can I team up with a broker, bring him deals, and essentially get a finders fee and let him take care of it? 

I'm just throwing around the idea as I actually have time to drive for dollars and I have time to market and write hand written notes and keeping a few deals a year to flip would be awesome as well-- without doing all of the research now, is looking more into the idea a good idea? 

[Hattie Dizmond]

@Account Closed hit the nail on the head.  The key is "equitable interest"...as in, you can't market a property you don't have "equitable interest" in without a license. 

Disclaimer...I'm not a lawyer.  This isn't legal advice.  Check the laws in your state.

Unless it's already disallowed by law in your state, as a wholesaler, you gain equitable interest by having an effective (signed by both buyer and seller) sales contract with EMD attached. Then, as a wholesaler, you ARE NOT selling the property, you are selling your contract. Period.

There are a lot of people on this site who are likely to jump in and start the wholesale bashing.  There are good wholesalers and bad wholesalers, just like good and bad licensed agents.  Sell what you own.  You own the contract.  You paid for the right to the contract.  It's a lot like an NFL team trading (selling) a draft pick.  If I hold the #1 overall pick and don't believe there is a fit for my team at #1.  I can sell that draft pick for your lower #1, plus your #2, #3 and your #1 next year.  I didn't sell the player.  I don't own a player.  I sold what I own...the pick.