Texas Agent VS Wholesaling

[Niccolo Fazio]

Hello Everyone,

I have had this question spinning around in my head recently and have been unable to find a reliable source of information to derive an answer to it.

My question is: Wholesaling as a Real Estate Agent in Texas.

As many of you may know Texas has a heavily regulated Real Estate Market controlled by TREC (Texas Real Estate Commission). It was only recently that Texas passed a law in Sept of 2017 that seems to restrict Wholesaling activities or at least seeks to make them harder to complete. I do not believe this has stopped anyone truly but I do feel that the number of steps has increased, in Texas at least.

1. 1. Is anyone in Texas currently wholesaling and have you run into any legal issues? 
2. 2. Are there any Texas agents completing wholesale deals, and if so, how are you completing them?
3. 3. Again for Texas Agents - Are you doing the deals and simply disclosing you're also an agent? 
4.        3a.Are you using TREC forms or your own when pursuing deals? 
5. 4.Is there anything I am missing?

I obviously want to stay legally compliant and also want to know if it is more valuable to be a Wholesaler vs an Agent!

Looking forward to hearing everyone's thoughts.