Wholesaling
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,
Acquiring a Real Estate License to Wholesale in Kansas City
Hi, I'm new to real estate investing. I'm transitioning out of the military and my husband and I are very interested in starting our own business. First we wanted to flip houses then learned about wholesaling as a way to gain the cash needed to start flipping. But, my concerns are the legality of it all in the Kansas City area and making sure I'm setting up this business correctly.
I was looking at getting a real estate license just to make sure everything was legal in the process. But according to the state of Kansas, to get your salesperson license they require your application to be signed by a supervising or branch broker who will be responsible for the applicant. This sounds like you need a real estate company or broker to vouch for you. How are all these people getting licenses to wholesale then? Do I need to become a real estate agent for a company first?
Missouri's website didn't mention this requirement...so maybe it's easier to get your license in MO. But, I would like to be able to wholesale on both sides of the stateline, especially because we'll be moving to the Kansas side.
Would appreciate any enlightenment on this topic and make sure I'm understanding this correctly. Thanks in advance!