Fiduciary Responsibility of a Wholesaler with an Agents License

[Dan Williamson]

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?

[Russell Brazil]

Id say there is a bigger issue. Net Listing.  If you put a property under contract for X, and assign it to someone for Y,  to make the arbitrage of Z,....that to me appears to be a de facto net listing, which is illegal in most states.