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Updated over 5 years ago on . Most recent reply

Nuhan Demirkan's profile image
Nuhan Demirkan's profile image
Nuhan Demirkan
  • Rental Property Investor
  • from La Plata, MD
  • Member since Nov 21, 2011
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Nuhan Demirkan's profile image
Nuhan Demirkan's profile image
Nuhan Demirkan
  • Rental Property Investor
  • from La Plata, MD
  • Member since Nov 21, 2011
Connect
Nuhan Demirkan
  • Rental Property Investor
  • La Plata, MD
117
Votes |
216
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Wholesaling

Wholesale as a R/E agent

Nuhan Demirkan
  • Rental Property Investor
  • La Plata, MD
Posted

Hello,
I am planning on doing wholesale and retail deals. One question I have is who gets the profits from the wholesale deal, me or my broker? Any R/E agents out there who experienced this?

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Nuhan Demirkan's profile image
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Nuhan Demirkan
  • Rental Property Investor
  • from La Plata, MD
  • Member since Nov 21, 2011
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User Stats

216
Posts
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Nuhan Demirkan's profile image
Nuhan Demirkan's profile image
Nuhan Demirkan
  • Rental Property Investor
  • from La Plata, MD
  • Member since Nov 21, 2011
Connect
Nuhan Demirkan
  • Rental Property Investor
  • La Plata, MD
117
Votes |
216
Posts
Nuhan Demirkan
  • Rental Property Investor
  • La Plata, MD
Replied

Just remember to disclose to the seller that you are a licensed agent, this is not a listing agreement and you are not representing them in the deal. Put that language in the contract, also disclose in the contract that you intend to profit from the deal. MLS has provisions for R/E agents who are doing wholesale deals. I check and it is not against their rules.

Good luck,

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