Getting Wholesale Deal Listed

[Alex Locklear]

Has anyone put a house under contract and found an agent to list the property for you on the MLS since you now have an equitable interest? I'm thinking of doing this and disclosing to the seller my intention of marketing the property and hopefully selling for a profit immediately after I buy. I would do a double close and collect my proceeds after paying both the listing agent/buyers agent's their commission.

[J Scott]

While legally the agent can probably market it for you with the seller's permission (though this will be state-by-state), it's unlikely the MLS rules will allow you to market the property on the MLS before you own the property. Though again, it's probably on an MLS by MLS basis, so you may want to call your MLS and find out what their rules are.

Where I live, the MLS will not allow listings by anyone other than the owner.