They may lie or hide information that a REALTOR is legally obligated to disclose.Best practice: assume everything they tell you is untrue and verify it yourself.

My first wholesale deal closed to yesterday and my very traditional broker is questioning whether it is legal for me to be a realtor and wholesale deal.

We are about to get involved in wholesaling/wholetailing, and I wanted to make sure I'm doing it within the legal parameters in our home state.

I should be covered through insurance.So, finally, my question is: how do you limit your exposure to legal liabilities as you your real estate net worth grows, assuming traditional mortgages remain an essential part of your strategy (i.e., an LLC won't work)?

Many members are experts in their respective fields related to real estate investing, whether that is real estate brokerage, wholesaling, flipping, buy and hold, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.There are some pretty cool discounts on various products and services offered as Perks to BP members that you might want to check out: https://www.biggerpockets.com/perks/pro

Without realizing that his POA was not valid (until our trusted title company informed us of the incorrect documentation) we now have a contract with someone who cannot legally sell us the property.

Most are fine with that, but a few will have problems with it and claim there are legal issues, etc..

You don't want to give them anything to get you on if they decide to try.Happy investing,TroyThe above is not legal advice and you should seek the advice of a local attorney.

A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.There are a few self-contained guides that you can access here: https://www.biggerpockets.com/guidesThe site has quite a few tools that can be helpful for new members.

The property is in San Bernardino County California.I have called the County, they said they could not help because of it being a legal matter, they said to get a hold of a Title company.