Real Estate Law
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I have a legal question to ask. Is house flipping legal in Illinois and Wisconsin? Do I legally need to be a real estate agent in Illinois and Wisconsin to do house flipping if I want to sell (transaction activities) if I buy a home, own it, and than resell it myself without a real estate agent in Illinois and Wisconsin? Can I do Whole sale (buying at a low price and reselling for a higher price without renovating or rehabbing) and Retail house flipping in Illinois and Wisconsin? Can I legally buy a home with city violations, back taxes, quit claim deed, and any other problems the property has and then can I legally resell it at a higher price with the same city violations, back taxes, quit claim deed, and problems the property has, if I disclose all of this to the buyer before they purchase the property, without renovating or rehabbing the property. Is all this legal to do in Illinois and Wisconsin?
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Would I still need a real estate license to sell homes on my own behalf, if I only do house flipping in Illinois? If I buy the homes on my own, without a real estate agent, and then sell the homes I own, doing this on my own behalf, without a real estate agent, do I still legally need a real estate license if I doing house flipping in Illinois? If I own the homes, can I sell and buy them on my own behalf, without a real estate agent?
Do I need to own the home to sell it on my own behalf 2 times a year? Can I sell homes 2 times a year or do selling activities even if I don't own the home I sell?
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