Laws & regulations regarding wholesaling vary across the country. Because of this, wholesaling can be very lucrative, but if you don’t know what you’re doing, it can also get you in serious legal trouble. That being said, wholesaling is a state-specific real estate activity. What is legal in one state may not be legal in another. The National Real Estate Investors Association has created a state-by-state database with laws, rules & regulations (subject to change) for each state, accessible through the Resources Center on their web site.
National REIA strongly urges each person using this resource or engaging in any wholesaling activities to locate their state’s real estate license law and definition of “real estate broker” and consult a local real estate attorney.
Click here to access the Wholesaling page at National REIA.
