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Updated over 6 years ago,

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Sara Thompson
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Legalities of Wholesaling WITH a Real Estate License

Sara Thompson
Posted

Hi all!

I'm new here, but not new to real estate investing by any means. I have been discussing wholesaling in depth with several local investment associates and the question I always come back to is: 
What are the legalities of wholesaling when you have a real estate license?

Specifically, I'm a licensed broker in Georgia and Alabama and I am interested in wholesaling in both states. Obviously, disclosing the fact that I am a licensed broker is required in contract but what other items should I be mindful of? I'd love to hear from someone who has been successful in wholesaling and holds a real estate license to lay down the ground rules so I feel comfortable moving forward.  

Contracts/proceeds would of course be issued through an L.L.C. and all aspects kept separate from the actual brokerage. 

Looking forward to your responses!

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