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 almost 13 years ago,

User Stats

717
Posts
50
Votes
Greg P.
  • Los Angeles, CA
50
Votes |
717
Posts

Wholesaling a "Grey Area?" Illegal in Minnesota? Realtor..?

Greg P.
  • Los Angeles, CA
Posted

Hello, just spoke to a reputable attorney in Minnesota about wholesaling real estate. He basically said that if I did a few deals and someone "told" on me to the commerce most likely I would get a fine. I'm writing this post because as many of you know, wholesaling is not easy and if I was to put in all this work, I don't want to end up doing so much work for getting in trouble at the end. He also mentioned something about only able to buy/sell 4-5 houses a year without a license. If I was to get a Limited Broker's license would this protect me from the Commerce coming after me? Any advice would be greatly appreciated as I do not want to keep working this hard for nothing. Thanks

Loading replies...