How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Irwin Law Your Own Question
Irwin Law
Irwin Law, Lawyer
Category: Real Estate Law
Satisfied Customers: 7306
Experience:  Lawyer- Broker 30+years - foreclosure, short sale, liens, title attorney.
Type Your Real Estate Law Question Here...
Irwin Law is online now
A new question is answered every 9 seconds

I found out about being a wholesaler, where I put a property

Customer Question

I found out about being a wholesaler, where I put a property under contract and assign it to a buyer for a fee. I have been doing some research and I found out that it is illegal to do it without a real estate license. Could you give me more details about this and how can I make it work? If I have to get the license, how can I do it? If I don't have to, how I deal with the contracts so it is not illegal. Please, help.
Submitted: 2 years ago.
Category: Real Estate Law
Expert:  Irwin Law replied 2 years ago.
You do NOT need a license to buy or sell real estate for yourself. You must have an interest in the property personally and cannot be representing others. In other words you need an agreement to purchase the property in your own name. Then that agreement is assigned to another person who pays you money for it. That is not a commission that requires a real estate license.
Expert:  Irwin Law replied 2 years ago.
HELLO AGAIN. I hope that my Answer has been helpful. If you need more information, please send me a Reply. If not, I hope that you will enter a positive rating for my Answer so that I can receive credit for assisting you. Thanks again for using JUST ANSWER.