Using the wholesaling method with seller financing

[Paul Lukowiak]

I am needing to know that if I get a seller to agree to terms (owner financing) using a purchase and sale agreement, then assign that contract to a tenant buyer with my assignment fee, do I need to be licensed as an agent/broker?

*****same question with lease option agreement 

[Wayne Brooks]

No, but you'll likely still be on the hook when your tenant buyer fails.

[Paul Lukowiak]

once I assign my contract to the buyer, doesn't that release me from all the risk if me and the seller do our due diligence to find this buyer?

[Account Closed]

Not unless you get the seller to release you from liability.

[Paul Lukowiak]

Thank you both!  That helps out immensely!