Is it illegal for a real estate agent to flip houses?

Is it illegal for Barry Bonds to take steroids ??

You can flip houses whether you have a real estate license or not. What you will need to do differently as a licensed real estate agent is going to be based on which state you lived in.

I don’t know the rules, statutes or laws in OK – it would seem to reason that you can just have adequate disclosure. I know here in FL you would need to disclose. What I think they are really trying to protect is for you to LIST someones house for sale then buy it from them for one price and sell it at a profit (like the same day or something). If you are just a regular buyer with a re license, provided you disclose this I think you are ok, but check with the state – there may be add’l docs you need the seller to sign, etc.

Your broker should also be able to give you guidance on this.

Regards,

Joe…

The real estate license does not decrease your economic capability (you can flip houses, same as anyone else, providing the market will support it) but it does increase your level of responsibility (you can be sued for more stuff, and you must disclose that you are licensed in every transaction in most states)

I think most of them do it. It does change your liability as a seller, but that is about the only differance.