Partnering with a real estate agent

[Cameron Eaton]

I am hoping to build a wholesaling business in Salt Lake City.  I want to work with a friend to build the business.  He is about to take the test to earn his real estate license.  I do not have a real estate license.  Are there any legal implications if I wholesale with a real estate agent if I am not a realtor?  Are there any other issues that I will have to take into consideration when wholesaling with a realtor?

[Douglas Larson]

A real estate agent has to hang his license with a brokerage. The Broker will definitely have opinions and input on what's ok. Some people in the real estate profession question if wholesaling is even legal or should be. There are definitely ways to structure the contract and all marketing materials to comply with the letter of the law. For instance, you wholesale a contract, not a property. Especially as an agent, you cannot market a property you don't own or have written permission to advertise.

You have much to learn young padawan but i think the force is strong with you. Great success you will have!

And please put me on your buyer's list!