Per our ICA (Section 19.1.6Wholesaling and Acting as a Middleman):
While affiliated with the Company, Agents are not permitted to engage in wholesaling without prior written consent of the Company through an addendum to the Agreement. “Wholesaling” occurs when an agent contracts with a property owner to purchase owner’s property and before closing, the agent markets the property to interested buyers, then assigns the contract for a higher price to the ultimate buyer. This is also referred to as being the “middleman” in the transaction. Agents must hold title to a property that the Agent sells, and Agents are not permitted to assign a contract to property that Agent does not hold title.
Please reach out to firstname.lastname@example.org if you would like to conduct Wholesale Business.
- The Director of Brokerage Operations for your region will reach out to you directly.
- Generally, you must provide additional proof of E&O Insurance PRIOR to conducting these services
- The Director of Brokerage Operations will approve or deny your request.
- If approved, you will receive an agreement to sign. Real's VP of Agent Growth and Experience will sign on Real's Behalf.