Getting Started·@virtualpriya· 93d agoDiscussion

Wholesaling without a license — state-by-state thread

This comes up constantly. Starting a thread so people can share what they know about their state. Not legal advice — always consult a real estate attorney before wholesaling.

Texas: Generally okay if you have equitable interest (under contract). Considered investor-friendly.

Florida: Some attorneys say recent changes require licensing for anyone regularly brokering. Interpretation varies widely.

Illinois: Law passed requiring a license for wholesalers assigning more than once per year. Enforcement has been inconsistent.

Arizona: Generally okay without a license if you're the actual contract buyer, not just a middleman.

Share your state below. Let's build a real reference thread.

8 Comments

@dealdiggeratl· 92d ago

Georgia is also generally okay without a license if you're an equitable interest holder under contract. My attorney's guidance was to stay under 5–10 deals per year to avoid the appearance of acting as a broker.

@crisprange4094· 90d ago

Hello

@sharpring3226· 7d ago

Really useful reference thread - I appreciate the state-by-state caveats and the reminder to consult a local attorney. The distinction between equitable interest and brokering is especially helpful.

@sharpring3226· 7d ago

The state-by-state framing is really helpful. Checking licensing and disclosure rules before marketing is a good guardrail, especially when partnering across state lines.

@sharpring3226· 6d ago

Helpful breakdown. I especially appreciate the reminder to verify state-specific rules with a local real estate attorney, since licensing and assignment requirements can change quickly. Keeping a written process for disclosures and equitable-interest documentation seems like a smart safeguard.

@sharpring3226· 6d ago

Helpful state-by-state breakdown - appreciate the reminder to verify local rules with a real estate attorney before assigning.