Do You Need A Real Estate License To Wholesale In Indiana
Olivia Luz
Apply for your indiana real estate broker license now.
If you are a licensed real estate agent however you need to disclose as much possible. Contact the indiana department of revenue to obtain a form bt 1 application to become an indiana retail merchant. You do not need to submit your ce certificates of completion to the indiana real estate commission each year. The con 3 was an eye opener to me.
To buy and sell items as a wholesaler in indiana a company or individual must register as an indiana retail merchant by filing form bt 1. In this video you ll learn if you really do need a license to wholesale real estate and the pros and cons of being licensed get paid 10 000 to find deals f. Key components of property management renting leasing and managing are considered real estate activities under existing indiana real estate licensing laws. A real estate agent can assist you in finding a property but keep in mind most real estate agents are not comfortable with the wholesale process.
In short you don t necessarily need a license to wholestate real estate. However there are distinct advantages that come with having a license. In most cases the answer is no. If a property manager is going to lease rent manage list or negotiate or offer to perform any of those acts he or she will need a real estate license.
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When you wholesale a property as a real estate agent do you have to use the 15 page book as a contract or are you able to use a simpler one or two page purchase contract followed by an again simple assignment contract. Fill out the bt 1 form completely. Do you need a license to wholesale properties. Just save those certificates in case of audit.
Once you have found a broker to be affiliated with you may submit a reassignment form or transfer your license to a company or managing broker using our online transfer system. This application can also be filled out online. Kim thank you very much for your comment.
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