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All Forum Posts by: Tyrone Evans

Tyrone Evans has started 1 posts and replied 7 times.

Post: How should a Licensed Realtor start out with Wholesaling

Tyrone EvansPosted
  • Zephyrhills, FL
  • Posts 7
  • Votes 2
Originally posted by @Kimberly Gopp:

@Curt Davis, @Robert Smith, @Brent Hill, @Brandon L., @Jay Hinrichs  So let me address a key word in this post and in the title..."Licensed Realtor" ...this title does not exist.  Sure, we hear it all the time from the general public in conversation. However, those holding a professional license should call it as it is; a "Sale Associate" or a Real Estate Licensee. As a licensee ... you may be able to call yourself a "Realtor", that is only if you have joined their club. However, that club did not issue you a license; the state issued you a licensee. So in Florida @Tyrone Evans you hold a Real Estate License... a Sales Associate License. also your not called a real estate "agent" (unless you have entered into that disclosed legal relationship). In Florida "Agent" in a residential real estate transaction has legal association attached to it; duties & liabilities. Licensees in Florida should move away from using the word Agent any longer. Throwing that word around in conversation and in emails with your deals or with "customers" (not called "clients"- also implies a legal relationship) can come back to bite you. And yes, disclose! As Mr. Walt would say? True or True? 

Thank you for the post.. I am a part of the club as you say :-)..

Post: How should a Licensed Realtor start out with Wholesaling

Tyrone EvansPosted
  • Zephyrhills, FL
  • Posts 7
  • Votes 2
Originally posted by @Robert Smith:

This is very possible, and I speak from direct experience. When talking with owners I always give them the least worst option close. I tell them there are many ways to sell a property however there are pro's and con's to each way to sell and I pitch them the option to sell to me as an investor. I don't want them coming back later and saying I did not at least let them know they could have received more money for the home, but I make sure they know when I buy the home there are no repairs needed and it is for immediate cash out when a traditional sell could take much longer. I have them even sign disclosures that I am an investor and they acknowledge that I am a real estate broker working for my personal interest instead of as a licensed real estate agent. Disclose, disclose, disclose. Real estate is my lively hood and I make a good living as a broker so I am not going to throw that away over a few dollars. Worst case if you cannot get the wholesale deal you could get the listing. Being an agent give you an advantage to finding more deals and ultimately helping more people, that is why I work as both. Get everything you do in writing and remember to have them acknowledge you are an agent and working on your personal behalf. Most agents only see inside the traditional box, good job on thinking outside of it. 

 Wow Thank You Robert for stopping in and posting this great information. Real Estate is changing and I wanted to really catch the wave and not be stuck "cold calling" all day and waiting for an opportunity instead of creating a few along the way. Awesome post!!! "DISCLOSE, DISCLOSE, DISCLOSE!!!!"

Post: How should a Licensed Realtor start out with Wholesaling

Tyrone EvansPosted
  • Zephyrhills, FL
  • Posts 7
  • Votes 2
Originally posted by @Curt Davis:

All I am saying is that regardless of how you buy or whatever the capacity, I think you have to just disclose to the seller or buyer your a licensed Realtor.  I do it just to make sure I have covered by own A*@

Good luck!!

 I agree with this post.. Definitely want to make sure that my bases are covered for sure.. Thank you for the valuable feedback as well. 

Post: How should a Licensed Realtor start out with Wholesaling

Tyrone EvansPosted
  • Zephyrhills, FL
  • Posts 7
  • Votes 2

My broker has a few investment properties and I do not act as a "single agent" and only operate in a "transactional agent." I do think it is very important to disclose that I am a Realtor and provide the seller with the option to sell the home traditionally or possibly get from under the property quick with a possible "cash" buyer. I also want to possibly close a few deals for myself and negotiate with a buyer as the "Owner" of the title and property at times. I have a ton to learn and know that a traditional real estate agent is not what I would like to be and believe that integrity and trust is the most important. I will not be listing a home at one price and bringing a buyer in at another price to get a cut.

Post: How should a Licensed Realtor start out with Wholesaling

Tyrone EvansPosted
  • Zephyrhills, FL
  • Posts 7
  • Votes 2
Originally posted by @Curt Davis:

Start doing direct mail campaigns and then go from there.  Make sure you let anyone who calls you know you are a licensed Realtor.  You dont want to get in trouble with your local/state association.

Good luck

 Thank you for the advice and well wishes. 

Post: How should a Licensed Realtor start out with Wholesaling

Tyrone EvansPosted
  • Zephyrhills, FL
  • Posts 7
  • Votes 2

Thank you!!

Post: How should a Licensed Realtor start out with Wholesaling

Tyrone EvansPosted
  • Zephyrhills, FL
  • Posts 7
  • Votes 2

I am a new Realtor in Florida and wondered what would be the best strategy to implement when looking to begin the REI journey outside of being a typical Real Estate agent?