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Updated almost 7 years ago,
Fiduciary Responsibility of a Wholesaler with an Agents License
Good morning all,
I've been wholesaling for a while and have been tossing around the idea of getting licensed. After weighing the pros and cons, there only seems to be one lingering issue with which I am struggling: the fiduciary responsibility of an agent to the seller.
If a licensed agent has a responsibility to get the most for a seller, how can the same realtor as a wholesaler/investor low-ball a seller knowing they can turn around and assign it to an investor who can rehab and get a much higher price? Or even just clean it up and sell it retail for more?