do you need a real estate license to wholesale
Best answer
No
People also ask
How do I get a wholesale license?
However, to get a wholesale license, you first need to have a few other items in place. Your business needs to be registered with the IRS and you will need to have an Employer Identification Number (EIN). You will also need a sales-tax license, a state tax ID number before you can apply for your wholesale license.
How do you deal with a real estate agent who is not licensed?
When you檙e at the table with the seller, encouraging them to sign with you instead of the guy that not licensed, you may have the upper hand. You can make the argument that you are licensed and have to do everything according to the department of real estate standards.
How much does it cost to get a real estate license?
The cost of acquiring a license. It will cost you close to (if not more than) $1,000 to get your license. By the time you pay for classes, the test, and membership fees, you could be starting in the red. So for those on a limited budget (as most newbies are) you have to stack some coins before starting.
What are the pros and cons of wholesaling real estate?
Pros and Cons of Wholesaling As A Real Estate Agent. 1 Pro #1. You don have to worry about doing something illegal. This a good thing to know. For those of you who want to wholesale and can acquire a … 2 Con #1. 3 Pro #2. 4 Con #2. 5 Pro #3. More items