I talked to a lawyer the other day about wholesaling, and I showed him a purchase and assignment contract, and he gave me the hammer.Here is our discussion:4735.01 Real estate broker definitionsAs used in this chapter:a)“Real Estate broker” includes any person, partnership, association, limited liability company, limited liability partnership, or corporation, foreign or domestic, who for another, whether pursuant to power of attorney or otherwise, and who for a fee, commission, or other valuable considerations, or with the intention, or in the expectation, or upon the promise of receiving or collecting a fee, commission, or other valuable considerations does any of the following:1)Sells, exchanges, purchases, rents, or leases, or negotiates the sale, exchange, purchase, rental, or leasing of any real estate;2)offers, attempts, or agrees to negotiate the sale, exchange, purchase, rental, or leasing of any real estate;3)lists, or offers, attempts, or agrees to list, of auctions, or offers, attempts, or agrees to auction, any real estate;4)Buys or offers to buy, sells or offers to sell, or otherwise deals in options on real estate;5)Operates, manages, or rents, or offers or attempts to operate, manage, or rent, other than as custodian, caretakers, or janitor, any building or portion of buildings to the public as tenants;6)Advertises or holds self out as engaged in the business of selling, exchanging, purchasing, renting, or leasing real estate;7)Directs or assists in the procuring of prospects or the negotiation of any transaction, other than mortgage financing, which does or is calculated to result in the sale, exchange, leasing, or renting of any real estate;8)Is engaged in the business of charging an advance fee or contracting for collection of a fee in connection with any contract whereby the broker undertakes primarily to promote the sale, exchange, purchase, rental, or leasing of real estate through its listing in a publication issued primarily for such purpose, or for referral of information concerning such real estate to brokers, or both, except that this division does not apply to a publisher of listings or compilations of sales of real estate by their owners;9)Collects rental information for purposes of referring prospective tenants to rental units or locations of such units and charges the prospective tenants a fee.Therefore, I believe that if you engage in the actions we discussed, it may make you and/or your business an unlicensed real estate broker.  

NAR and others periodically publish lists of homeowner improvement projects and list the return on investment.  

Samuel Stebbins and Grant Suneson, 24/7 Wall Street Published 6:00 a.m.

For instance according to the authors of, The Business of Flipping Homes, published in January 2017; the wholesaler who obtains a contract has equitable interest in the property and can legally sell the contract to another buyer as long as all parties are aware of the details of the transaction and the wholesaler is clear when advertising that the contract is for sale not the house as in the case of a for sale by owner. 

And please don't try to discredit this fact by insinuating Tony Robbins has no business publishing information on financial education.  

Recent Govt published Economic Report reported an uptick in New Home Construction which means existing inventories will also benefit with increasing home values.

Are you a journalist- is this coming from other publishes sources? 

Just today an article was published in the Denver Business Journal about a Credit Union not being cleared by the Federal Reserve to operate (even though credit unions are state chartered banks but, I digress). 

I dont claim to be a geopolitcal expert by any means, you may know more about Iran/OPEC relations than i do, but i do believe Iran is a potential target for OPEC based on its desire to be become a nuclear power.Since i wrote that post Houston Area Realtors (the local MLS) published a story saying we are headed to more inventory.As a house flipper, i say bring it on. 

There are other Counties that don't have a State reqt to publish Notices of Default.Please take a moment to give us your feedback on the above and let us know if the benefits from having such a service available merits more time and attention on our part.