Here's the law from Mass General Laws, Title XVI, Chap. 112, Section 87PP:''Real estate broker'', hereinafter referred to as broker, any person who for another person and for a fee, commission or other valuable consideration, or with the intention or in the expectation or upon the promise of receiving or collecting a fee, commission or other valuable consideration, does any of the following: sells, exchanges, purchases, rents or leases, or negotiates, or offers, attempts or agrees to negotiate the sale, exchange, purchase, rental or leasing of any real estate, or lists or offers, attempts or agrees to list any real estate, or buys or offers to buy, sells or offers to sell or otherwise deals in options on real estate, or advertises or holds himself out as engaged in the business of selling, exchanging, purchasing, renting or leasing real estate, or assists or directs in the procuring of prospects or the negotiation or completion of any agreement or transaction which results or is intended to result in the sale, exchange, purchase, leasing or renting of any real estate.In addition to the hazards of brokering real estate without a license, wholesalers can be sued for "fraud in the inducement" if you sign an offer to purchase without both the intent and the ability to close on the sale.The only legal way to wholesale in MA is to close on the property and then re-sell it.  

Are you PREPARED to close or are you signing a contract to purchase using FRAUD BY INDUCEMENT?

In all seriousness, all of metro PDX has been great the last few years, glad I’ve invested and looking for new opportunity even with macro Fed induced clouds appearing on the horizon.

@Joe Vastola I know this goes against the wholesaler's creed of "hooray for me and sellers fend for themselves", but if you're entering into contracts that you cannot fulfill, you can buy yourself a boatload of trouble - not to mention the duress you put the seller under.Think lawsuits for: specific performance, fraud in the inducement and maybe even consequential damages from the seller who made other plans that depended on you to fulfill the contract terms.Don't forget that if you start marketing properties that you don't own, there's always the possibility of facing charges of brokering real estate without a license. 

Well Brent I'll have to admit that this was the cheapest house I've bought since the oil price induced crash of the mid '80s.

The problem that creates is the cost associated with holding up the hillside.NavigateLA / Zimas won't tell you if you are in a landslide, only if you are in an earthquake induced landslide hazard zone.

Gifts from these sources are considered inducements to purchase, and must be subtracted from the sales price.4155.1 5.B.4.c Who May Not Provide a Gift

Then again, the Statute of Frauds requires that real estate contracts be in writing.That said, the wholesaler could still be sued for "fraud in the inducement", meaning that he entered into a contract without both the intent and the ability to perform to it.I'm not sure how a realtor got involved, but you can expect that he'll be looking for a commission.  

For projects that are Rehabs or Fix & Flips, our team will benefit from the Construction Snapshots, increasing our buying power & Lender Leverage by having well-documented proof of success & properties at our fingertips.All for the cost of one media package, btw.Here is a sample of how our Virtual Tours can utilize "TAGS" to enhance a tour with additional information: https://youriguide.com/vUNIVIM8Z402D1/To the user of "Account Closed", I would safely speculate that being cheap has likely induced whatever karma you had comming. 

I believe that you'll find that selling contracts is still interpreted as marketing a property that you do not own - which will require a real estate license.Also, if you put a property under contract without both the intent and ability to close on it, you could face a lawsuit for "fraud in the inducement", because you convinced a seller to sign a contract that you had no intention to see through to the completion promised.The LEGAL way to wholesale is to close on the property first, then market and sell it.