Real Estate Investing - Posted by keith

Posted by dutch on September 12, 2006 at 13:05:11:

No. If you have any type of interest in the property, you do not need a license to sell it.

When do you need a license? When you “BROKER” a deal between 2 parties, and you are not part of the deal (no interest in the property itself) except to take a commission or referral fee.

“flipping” or “wholesaling” involves getting the property under contract with YOU or your entity on the contract. Now you have a contractual INTEREST in the property. You can SELL or ASSIGN that interest, and are not a “BROKER”.

Dutch
OKHomesavers

Real Estate Investing - Posted by keith

Posted by keith on September 11, 2006 at 09:13:56:

Is there a need to get any certain license to flip houses?
if so does it vary state by state?
Thx