Is this legal to do in Kentucky or is it illegal since I would be operating it as an unlicensed agent?

@Chauncy Gray this is a legal question so you should really form a relationship with an attorney who mainly practices real estate and ask her/him this question.That said, I’m not aware of any such limitation existing at this time.I would recommend (as a layperson speaking generally, not someone giving legal advice), that folks who “wholesale” have a bond fide interest in purchasing, and ability to close on, every property that they sign a P&S contract on.My limited knowledge of other states is that wholesalers have gotten into trouble, and promoted legislation regulating their activities, when they put things under contract without the intention or ability to actually close on the properties.If that’s the case it’s not hard for someone to make the case that the “wholesaler” was really just connecting a buyer and seller and getting paid a commission - basically acting as an unlicensed real estate agent in violation of the laws regulating such activities.That’s also the reason that I avoid “co-wholesaling”, or deals where there are multiple wholesalers involved, like the plague.

Unlicensed practice; civil penalty.

@Jaylen Boswell There are plenty of people like me who think that unlicensed wholesaling is illegal. 

Such as putting investment properties under the unlicensed partner.

It's much safer for everyone for wholesalers to be unlicensed or for licensed agents not to wholesale, but to wholetail or use traditional listing strategies to keep everything above board.

I took the risk with an unlicensed uninsured handyman referred by another successful investor and had him sign a Certificate of Non-Coverage combined with adequate home insurance and it worked!

I took the risk with an unlicensed uninsured handyman and had him sign a Certificate of Non-Coverage combined with adequate home insurance and it worked!

If you use that form as an unlicensed Landlord, it may not stand up in court.You should educate yourself on the basics of managing rentals.

I think it’s dangerous for an unlicensed buyer to go directly to the listing agent, unless the buyer is very experienced in real estate, knows the contract and sales process inside and out, etc.