Peer 2 Peer Real Estate's Podcast

For those who might not know, Illinois has enacted a new bill on Wholesaling. (See Below)New law signed by Illinois Governor J.B Pritzker ."Wholesalers Require Brokers License in Illinois. For any person, or entity, engaged in the business of Wholesaling real estate, you cannot wholesale more than one deal a year. ... The revision to the Licensing Act has been signed into law and has taken effect.Aug 14, 2019"What is a Wholesaler to do?With the new law being in full force in Illinois , and in all probability being enforced in most states if not all, A wholesaler business model should include a realtor on their team, or get licensed themselves to comply with the law.Under the law, you are allowed one wholesale deal per year, unless you make $100,000 on that deal, it's best you get your license or partner with a realtor.Working TogetherThe National Association of Realtors (NAR( is a powerful force, they see any non-realtor involvement as taking money from their pocket, po