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18 January 2025 | 13 replies
They may have been introduced to wholesaling as a low-barrier entry into real estate and never considered licensing as a viable option.Why Getting Licensed Could Be Beneficial:Access to MLS: Licensed agents can access MLS listings, making it easier to find deals and run comps.Credibility: Being licensed can increase trust and credibility with sellers and buyers.Expanded Opportunities: As you mentioned, having a license opens up the option to list properties traditionally when wholesaling isn’t the best fit.Legal Clarity: Licensing helps clarify what you can and can’t do, reducing the risk of running into legal issues that plague unlicensed wholesalers.It’s a balancing act, but for many serious operators, getting licensed seems like a logical step to expand opportunities and ensure compliance.
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3 January 2025 | 3 replies
The landlord should be named on the tenant's insurance policy for additional protection and to assist with tracking compliance.
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7 January 2025 | 3 replies
Working with a qualified intermediary (QI) ensures compliance with IRS rules.This post does not create a CPA-Client relationship.
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23 December 2024 | 1 reply
Compliance states there is no way to remediate this unless a new file is created. lender credit is 6900 which is the seller concession and no COC can be issued for “incorrect” lender credits.
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10 January 2025 | 9 replies
The disadvantage is that compliance is difficult, much more expensive than Reg D, and the chances of being sued much greater, while raising capital more difficult.
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5 February 2025 | 205 replies
Building departments are obligated to provide these services online.You can also see code compliance issues using the same search facility.Hope this helps,SteveSo, what I find they're doing in the Cape, is they will pick on something very minor within the permit package, to send it back to you/say its not a complete package, and the clock restarts while you have to go fix it.
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3 January 2025 | 13 replies
Non-compliance can result in penalties up to $500 per day and potential criminal charges.
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4 January 2025 | 2 replies
It’s also worth verifying if Beaumont and Port Arthur have any specific contractor registration or insurance requirements, as local compliance can sometimes impact project timelines.
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18 January 2025 | 36 replies
I would also try to contact the code compliance department for advice.
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8 January 2025 | 33 replies
I as a lender as part of settlement had our servicer unwind some negative reporting.As a sidenote I saw a post online somewhere else where someone who had an owner occupied home for several years relocated for work and teh servicer sent a letter telling them they are not in compliance with their loan because it must be owner occupied for the entirety of the loan even though the loan docs say one year....Again, servicer overstepping their bounds