Work hard, make mistakes, learn, and then apply the same work ethic.

I think the time has come where people who sell investment advise on real estate should be bound by a code of ethics and be subject to significant disclosures of their own investments.

Working those hourly jobs builds not only character, but also work ethic and experience.  

But if you can sell cars successfully you can sell real estate.if you have 5 to 20k liquid to pay for marketing you can start.if you can go 30 60 90 days or longer with out getting paid you can startif you have a decent vehicle and afford gas you can start.if you know how to do an escrow that helpsjust much more too it.the negative you get is that many get desperate or it simply attracts the less than ethical folks because no license required and in some markets were they prey on the not so bright owners they can really abuse them... its a fine line for sure.. not to mention its illegal the way most do it in most states.. just because they don't get caught does not make it legal.assigning contracts OK.. makreitng a house you don't own on craigslist usually requires a licesneBut in my mind if your sharp enough to be a good wholesaler you can also be a good broker or anything else you choose to do.

The agent is subject to a strict NAR Code of Ethics if they're a Realtor (member of NAR).2.

After that you will need to complete 14 hours over the following 2yrs to keep your license current that must include 3 hours of ethics and 3 hours of law. 

Every CCIM I have known has been very knowledgeable and ethical so I think that's a good way to start.Also, just to echo a few of the comments above, you will find great help from some of the big brokers like JLL, Colliers, CBRE,  Cushman & Wakefield, Marcus & Millichap.

Personally, I don't like the appearance of the seller's ethics based on what you've posted.  

I definitely want to do business ethically and legally, so I was wondering if someone could enlighten me.The reality that wholesaling isn't a get rich quick strategy is not lost on me.

Depending on what the BPO comes back with, you may be required to submit multiple contractor bids to substantiate why the price should go down, and you'll likely wait several weeks/months for a new response from the bank, but they might give in.In the meantime, depending on what the contract looks like, you may have earnest money at risk if the bank accepts your original offer.Personally, I think the ethical thing to do in this situation is to retract your offer based on the new information you have, and then submit a new offer based on your inspections.