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Updated almost 12 years ago on . Most recent reply

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Kevin Barrett
  • Involved In Real Estate
  • Wilmington, MA
4
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Too close for comfort? Real Estate Agent slash Wholesaler. . .

Kevin Barrett
  • Involved In Real Estate
  • Wilmington, MA
Posted

I am planning on executing a direct mail campaign to wholesale properties. On the yellow letter I planned on putting my personal website with a landing page for wholesale prospects to go to. My personal website was designed to market myself as a real estate agent so I was wondering if putting a tab for Wholesaling would clash. Also, I thought it might not be a bad idea because it would be a form of disclosure that I am an agent. Should I not mix the two? Should I just include my name and ph # on the direct mail piece? Any other conflicts relating to agents and wholesalers please point out. Feel free to visit my website by navigating to it from my profile on BP.

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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,508
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

Kevin Barrett, Yes you'd be okay. What Bill was saying to avoid is flipping/asigning the Contract for a fat fee. This could be interpreted as a Net Listing. A Net listing was where an owner would say, " you get everything over $XXX price, as your commission". This obviously opens the door to an agent abusing an uninformed seller.

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