Straight answer · Real estate wholesalers
Some states now treat wholesaling as real estate activity. Oklahoma has required wholesalers to hold a real estate license since November 1, 2021. Check your own state's real estate commission before you assign a contract.Verified
| State wholesaling rules | Status |
|---|---|
| Oklahoma: license required | Since Nov 1, 2021 |
| Other states | Check your real estate commission |
Oklahoma is verified from the Oklahoma Real Estate Commission's page on the Predatory Real Estate Wholesaler Prohibition Act. Rules change state by state. I'm not a lawyer.
Contracts that don't allow assignment, fees the seller never saw coming and deals that fall apart at title are where wholesalers lose money. The Fix Kit for real estate wholesalers covers each one.
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