Q: I was wondering if Wholesaling real estate is legal in New Jersey without a Real Estate license?
I want to stay legal in all areas of wholesaling real estate in NJ. I've heard conflicting information and was hoping to get some solid information, so I can know how to proceed with this new venture of mine. Thank you!
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A: Wholesaling does not require a real estate license. A license is not required to buy or sell any property that you have an equitable interest in. That interest can be a contractual interest (you have the property under contract) or you actually own or have title to the property. However, you should retain an experienced real estate attorney to guide you every step of the way and to set up the right corporate structure.
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