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Updated almost 4 years ago,
Wholesaling in FL with and without a RE License
Hi BP!
I'm new to the world of REI and have some questions in regards to wholesaling with and without a RE license in the state of FL.
So I've been reading A LOT on this topic and the more I read the more questions I have.
Is it illegal to practice wholesaling without a license in the state of FL? When does it become illegal?
I read it becomes illegal when you start to market the property publicly like on craigslist without a license since you don't actually own the property, right?
However, if you have a buyer's list and you're marketing only to them, is it still consider illegal?
If you do have a RE license, would you need to hang your license with an investor-friendly broker if you're only wholesaling? Would broker fees apply as well? What would be the best approach?