Question on Wholesaling MLS properties.

[Sean Dougherty]

 There seems to be a conflict of interest considering that once end buyer knows the purchase price, what would keep him from backing out of the deal and then going directly to listing agent thus avoiding the middleman and assignment fee?

[Stephen Keighery]

@Sean Dougherty you add no value by locking up a contract from the MLS. The property is on the market and any serious buyer can make an offer (and probably use finance). I was taught that businesses exist to add value so if you want to create a wholesaling business my advice is to get good at finding off market deals. If you want to work the MLS get your realtors license and work as a buyers agent.