Realtor working with Wholesaler

[Mitch Huffman]

Hi Investors,

I am a Realtor here in Ohio and I am working with a few wholesalers, but I have a few questions.  

I have been trying to find buyers for the wholesalers I am working with on an assignment deal.  He is looking to assign the deal and make $10,000 and told me to stack my fee on top of the price.  

For example, if the wholesaler got the property at 50K and wants it to sell for 60K I would then need to list the price as 62K to make 2K on the deal, right? 

If there is a buyer that does this deal what paperwork do I need as a Realtor to make sure I get my fee?  Do I need to report this to my brokerage, if so, how? 

Thank you for your help!

[Wayne Brooks]

Talk to your Broker....you could be heading down the road to losing your license.  You should Know that you can not collect a “fee/commission” without it going through your broker, like any other commission/commission agreement.