Wholesalers in WI - RE License?

[Account Closed]

From my research, Wisconsin laws surrounding broker status appear to be more transparent and strict as compared to many other states. So for those wholesaling in WI, have you obtained your RE license?

If not, what is your justification? Say we end up with an Ohio situation on our hands, are you just paying the fines and moving on or is there some level of justification you believe exists?

Though the laws themselves may not be highly enforced, it seems risky to build a business around something you know is directly in violation of the laws in place. I'm debating the topic internally at the moment and was hoping for others to weigh in with their experiences in WI.

Thanks,

Mitch 

[Brett Snodgrass]

Hi @Account Closed, 

Sorry that I'm an "out of Wisconsin" poster, but I have been a wholesaler for a number of years and just want to say that I did get my license early on and it's only helped my business. I advise anyone who is actually serious at pursuing wholesaling to get it. I get commissions, it keeps things out of the gray area, disclosing has only built trust and provided a reputation for future business. All wins in my book. That's what I've found in Indiana anyway.