Wholesaling Is Getting Banned! - Why Real Estate Agents Hate Wholesalers

Most real estate agents hate wholesalers. It’s been that way forever but the national association of realtors or NAR is trying to ban wholesaling entirely. Find out why and what you should do about it.
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[@abethereal]

I’m an agent and I can care less about a wholesaler. If my numbers start declining bc of a wholesaler I’ll hang up my license & do it myself.

[@BiasedMedia1]

Go to NAR and tell them this.

[@loganvierstra4744]

Winners attitude!

[@partyboijojo]

EXACTLY!!!

[@mellasish]

Perhaps not. Maybe wholesalers should be limited to the standard 5%, 6%, 0r 7% standard agents are held to.

[@thecashhousebuyersteamh4921]

@@mellasish BOOIOOOOOO

[@Jacqueline_Smith]

Im an Associate Broker 32 years, and I also wholesale. I decide which hat I am wearing before I approach a potential client, I solve problems, and I have never had a seller complain ever. I am completely transparent, and if you are there should be nothing to fear, we provide a great service wholesaling. It wouldnt just hurt the wholesaler to ban it, it would hurt many sellers too.

[@FlippingMastery]

You are a smart agent!

[@colbyjackson]

I would love to talk to you more about being an agent and wholesaling!! I am an agent and getting into wholesaling and would love to find out more about it through someone who is taking the same path. Could I email you or set up a call?

[@hermusicsoundsgood]

Exactly

[@mellasish]

Wholesalers should be limited to the standard 5%, 6%, or 7% standard agents are held to.

[@gamepro1239]

@@mellasish they are lol it’s just worded different on a contract end same end result

[@tommysuria5467]

NAR is what monopolies do.🙄 They don't care about the client; just their commissions.

[@FlippingMastery]

And using agent dues to do so

[@MaximB1]

government is a monopoly too, at least in US there is an opposition to the Democratic machine, it's not the case anywhere else in the world right now.

[@mellasish]

I do not believe wholesalers should be allowed to earn anymore than a standard 5%, 6%, or 7% fee or commission on a transaction.

[@tommysuria5467]

@@mellasish why not? A deal is a deal if it makes sense to the buyer.

[@MaximB1]

@@mellasish you don't know anything about how wealth is generated and free market economies

[@nicolegiberson7957]

As a real estate agent trying to learn wholesaling on the side, what NAR is doing is just ridiculous.

[@isaiah67ish]

They are haters

[@stsk69]

These agents are like the people who went to college and think they’re better than those who didn’t.

[@robertorocha5582]

Im a real estate agent and highly disagree with what you just said 💯 I think wholesellers should get licensed they shouldn’t get banned 💯

[@shackett]

Exactly why we need people like Jerry to guide us. When I saw the first video posted about this, I got licensed immediately. Next step, sole prop then phone calls. Thank you Jerry, you are a FLIPPING GENIUS!

[@ligmaballs0911]

@@robertorocha5582 get licensed and have to share profits with a brokerage?

[@cantsilenceme6596]

Actually, their more like Attorneys.

[@nextlevelroofingllc9158]

@roberto roucha get your baby 3% and shut the hell up

[@richlopez4466]

I'm a Realtor and a wholesaler.The NAR doesn't even stand up for agents and should focus on that

[@lexluthor6314]

Wholesaling will never be banned, most realtors, agents, brokers and Investors need us!

[@mellasish]

Krap!! I don't believe so. They too I think can do what you are doing since wholesaling seems to require no licensing or accountability (on the side). However either way I don't think wholesalers (whether full time or part time) sld be allowed to make any more than a 5%, 6%, or 7% fee off any transaction.

[@VoxRatio]

@@mellasish Many of us (I am also an agent) put up money on these deals as in thousands to stop foreclosures and or take over payments etc, until we find an investor to sell to.....

[@VoxRatio]

@@mellasish Not to mention plenty of our own investments and investors who sell through us get deals from other wholesalers. I’m glad to have them and wear the hat if and when it fits for a persons particular situation. Also most of the properties that are wholesaled are off market and often distressed. It’s plenty fine.

[@lenawashington2443]

@@mellasish Regulations for wholesaling should be based around ethics and putting a cap on commissions is irrelevant because the profit a wholesaler makes on a deal is not a paid commission. It's based on the terms agreed upon between parties. You might as well just get a regular 9-5 that pays commission and be okay with that cap. The beauty I see in wholesaling is to help people in non-traditional real estate distress move on from a situation that is not about money for them. That's why creative financing exists and non-public real estate transactions. Like Jerry said everyone doesn't want to sell that way.... The empathy and caring about helping a person get out from under that leaky roof and busted foundation or the home where their loved one died and is unbearable to go on, should take precedent and all else will follow. There are predators and unethical people in every industry, doesn't mean to throw the whole thing away. If that's the case, good bye to private day cares, and law offices and grocery chains, transportation etc...

[@xxwillin9xx]

If they chose that profession that’s on them , no one ever said they can’t be wholesaler themselves. So why they mad for ?

[@FlippingMastery]

True

[@mellasish]

I do not see or believe wholesalers are an elite class of people who are entitled to more than a standard 5%, 6%, or 7% commission

[@VoxRatio]

@@mellasish because many of us (I am also an agent) put up money on these deals as in thousands to stop foreclosures and or take over payments etc, until we find an investor to sell to..... That’s why.

[@mellasish]

Perhaps it's because of the code of ethics. I don't know. Wholesalers should be limited (I feel) to the standard 5%, 6%, or 7% standard agents are held to.

[@HitTheThemeParks]

I'm a Realtor. I only hate it when people call Realtors "Realators". Come on people, it's not difficult. Carry on wholesaling.

[@FlippingMastery]

That’s my pet peeve too! 😂

[@AquaBlueKC]

Yes! Cringe 😂

[@layparisss]

😂

[@thecashhousebuyersteamh4921]

😂

[@HitTheThemeParks]

@yoy nono neither. It's real estate.

[@vicentequintero2030]

Not surprised that NAR is coming for wholesaling. The Real Estate market is so crazy right now that there's not enough new/refurbished properties for agents and brokers to sell. But there's plenty of distressed properties out there.

[@mellasish]

Understood. Wholesalers however should be allowed to make no more than a 5%, 6%, or 7% standard commission or fee.

[@Realty-Hero]

@@mellasish This is inaccurate. Agents are not limited to 5-7%. Commissions are negotiable for each client. An agent could ask for much more but market standard is around 6%.

[@isaiah67ish]

@@mellasish you’re such a hater get yourself together

[@thewholesalecoach]

Great video Jerry! I was just having this conversation with someone over at Connected Investors yesterday. Let’s come together and create the standards, we need a seat at the table!!

[@mellasish]

Yes perhaps. But I don't think wholesalers should be allowed to make any more than a 5%, 6%, or 7% fee on any transaction for starters.

[@nonequivalence1864]

The NAR's a joke. By this logic, each state should ban Costco and Walmart because they do exactly what wholesalers do with their products. The reality is that the NAR's angry because people without a license are making as much money (if not more money) as those who are licensed.

[@dbrewer1111]

These are facts! Every state would have to ban mostly every store in the world PERIOD! Im so glad jerry has opened his pilot program. With that in place, there’s nothing the states would be able to do about it.

[@emanlopez100]

Character is key in this biz. We are humans and not everyone does the right thing. Good and bad Realtors, Brokers, Wholesalers, Lenders, Lawyers etc etc..

[@mellasish]

Wholesalers should be limited to I feel the standard 5%, 6%, or 7% standard agents are held to.

[@MsEvaCooper]

“Jerry for President”! Thank you for taking time to keep us informed 👍🏽

[@AquaBlueKC]

Hopefully one day agents and wholesalers will look back and see how silly it was hate one another 😂

[@mellasish]

Wholesalers should be limited to I feel the standard 5%, 6%, or 7% standard agents are held to.

[@Cali_Girl1]

Jerry... You should officially lobby for Wholesaling. Get Pace, Brent, Jamil, Ryan and others to join your Lobbying Group. Do It.

[@shashgo]

Jerry, heres a thought. For those in the 10k club who are going to wholesale the property to you anyway, if you fund a property from the start, then with the 10 day inspection period, if the propert doent work for you, you tell the wholesaler, he cancels the contract, and you dont have to do any funding. So, in this model, you let the wholesaler put a property under contract in your name, and then you buy it if it fits your criteria and you compensate the wholesaler. If it doesnt fit your criteria, you tell the wholesaler, and the contract is cancelled. This would do away with assignments, and it does not increase your risk, and still lets you have people finding properties for you. See what you think of this idea.

[@artaviusferguson4985]

Looks like you’ve thought about getting ahead of this for a while now, I’m sure you don’t need to wholesale anymore at the point your at, so it’s appreciated that you continue to give information and tips to serve the wholesale community

[@markpocock7277]

Jerry, be that voice for wholesalers. Thanks for providing value and keeping people alerted.

[@mist7627]

I hope they don’t ban Wholesailing. I am learning a lot about it and I don’t want all that information to go to no use.

[@FlippingMastery]

Just adapt, that’s all. Learn how: UseJerrysCash.com

[@tommysuria5467]

Stop wholesaling and start transactional funding. Great idea Jerry, you are a freaking genius.🎉🎉🎉

[@Brich45]

I'm a licensed agent and a KeyGlee owner. A majority of the more succesful "wholesalers" i know, are actually licensed and/ or own their own brokerage. Gossipers will gossip, winners will win!!

[@FlippingMastery]

Agreed!

[@dashdood]

Jerry for president you are a flipping genius! They’re always gonna come for us!

[@vqc4462]

Calm down.

[@VoxRatio]

I’m from a family of realtors, and am one myself. Apart from buying, selling, investing, and flipping, we also wholesale. We have helped so many people as a result. If we know we’re going to come out with 100k on a deal we fork out an extra 20-30k to the owner. We always give them the best price. Sometimes whole selling it isn’t the best route for them or us so we try to sell it, flip it, rent it, sometimes to them or owner finance. Why? Because it’s not just their house it’s their home that they’ve lived in for x years. It’s an investment they thought could protect them. Why cheat them out of money when you’re going to make a large sum as it is? Do right by them and others will do right by you. We’ve been doing business for over 35 years and yes there are plenty of bad apples, but there are those of us who do want to help. Agents who have a problem, get over your wholesale dilemma and educate yourself. You can do more good with more tools on your belt.

[@FlippingMastery]

We’ll said!

[@loryanninchrist6415]

hi, can you give an example on how seller can benefit from wholesaling? the way I'm seeing it so far (just learning) and seems its just them discounting and losing out on $ . thanks for your help.

[@lenawashington2443]

@@loryanninchrist6415 It seemed that way to me at first but in a lot of situations, selling at a higher price will take much longer and some people may not have the time to wait. Someone having to go into hospice care, or any variety of time sensitive situations. Just like anything else that goes on sale, it will move/be sold faster.

[@loryanninchrist6415]

@@lenawashington2443 very true!! thanks for clarifying xo

[@jonhunter1994]

Thanks for the heads up! I think in the future in order to wholesale it might require a real estate lic. All in all Jerry for President, you are a FLIPPING GENIUS!! 🤙🏼

[@hildautria3851]

Jerry Norton you are a flipping genius. Yes 100% I'm a single parent, and I provide for my family via this means..we do serve a different client and as long as there's discosure to our intent and seller chooses. It should not be an issue. Flippers need us to do the grunt work. Agents like and make more money as the listing agent to retail homes...aka thats what we do provide development to neighborhoods aka...the agents do not understand the phycology of distress. We can work together and let the homeowner decide who to work with not NAR. PRoverbs 19:17. “He that hath pity upon the poor lendeth unto the LORD; and that which he hath given will he pay him again.”

[@nosaoyemade9618]

The NAR trying to ban wholesaling is foolishness and jealousy. They hate competition but how do they expect to sell someone’s junky property for top dollar? There are a lot of run down homes that only investors will buy and fix up and these investors give the realtors the rehabbed homes to sell. I say live and let live.

[@thewealthgiantacademy2back195]

Agents hate us because they simply don't make the money we make ,or have the same freedoms. But this law will not pass. Agents do not even reach the same people we do. They do retail deals ,while we look for motivated seller with damaged homes many times that they cant afford to fix up. So its really hate. But it will not pass. But I agree ,we as free wholesalers should have our own voice and lobby to fight against this nonsense.

[@ProdPich]

As an agent, I have nothing against wholesalers... wholesaling is something I'd actually like to do myself.

[@mellasish]

Wholesalers should be limited to the standard 5%, 6%, or 7% standard agents are held to.

[@BaileesWRLD]

@@mellasish you just mad because you aren't making the money we are you can just maybe learn how to do it yourself

[@adambacome2687]

You said it! Your intentions are to sell the contract not close on the home, so by definition you are a broker bringing a buyer and seller together. I have no issue if you wholesale but the industry needs regulation. Maybe like here in Nebraska if you wanna sell a car you can sell like 4 a year without getting a dealers license. So maybe wholesalers should only get xyz number of transactions before getting a license (not real estate but something to regulate for consumer complaints). I have been an investor for 20 years and an agent for 17. My business has been about investors and distressed properties, so yes wholesale business has been a direct competition to me. And from the majority of my dealings with wholesalers they are dishonest (30 day inspection period and no earnest money so they can cancel the contract if they don't find a buyer). I'm not saying all are like this but that is my experience. I also know plenty of wholesalers that will close on a majority of their deals. Like with everything the government wants a piece of the action and to protect the consumer.

[@nicktimm5501]

You absolutely should, you have a voice in this now unlike 99% of us! JERRY FOR PRESIDENT

[@eriksmith5395]

Time to get on CSPAN and make your case! As always your a flipping genius, I appreciate you giving us the good content to move better in this industry.

[@Thebryanbyrnes]

Assignments are a naturally occurring happening within the economy of real estate, or any contracted deals. For example: If I show proof of funds, and I have 100% cash to close on the deal, and I write the PSA in my personal name, and i want to close that deal under my llc, then I will assign that contract to my llc, which is my business... If you show proof of funds, and show that you are buying the deal, then there is no reason for NAR or anyone to say that you were never going to close on the house with your real cash if you end up assigning it. Exact buyer to be vested at closing can mean your llc, bobs llc, your neighbors llc, whoever.. If i write a PSA for a pair of your dirtiest socks, and I show proof of funds for those socks, and then I go assign that contract to my neighbor that also wants those socks, but is willing to pay more than i did; the only way for my neighbor to buy the socks is to use my contract. Because I HAVE THE CONTRACT FOR THE SOCKS. NO ONE ELSE. Anyone agree?

[@FlippingMastery]

You’re focusing on your contractural right to assign which is 100% true. That’s not the point…NAR is focusing on the business model of intentionally assigning the contract to a 3rd party.

[@ppcdsalvc4208]

This isn't going to stop me lol they can try all they want

[@jermon983]

Exactly these laws are total BS they just haven't been challenged yet.

[@werox2771]

De donde eres?

[@marz1054]

I’m with you! I’m going to go even harder on my Wholesaling business 💪🏼💵

[@paulettebrown2413]

NAR will NEVER help a homeowner with cost of repairs! They will simply walk away! Then the homeowner will be left with no one to help! NAR should rethink this through.

[@FlippingMastery]

@@werox2771 Puerto Rico 🇵🇷

[@ronpilgrim8408]

There needs to be some kick back from some of the power guys Jerry! You, Sean Terry, Cody Jamil, Max Maxwell and some of the big guys in the game.

[@FlippingMastery]

Agreed

[@miguelion1007]

@@FlippingMastery also Khin Khan from @wholesaletomillions

[@justinwickee]

100% Watch how many less flips realtors get to list,when their investors cannot find deals....

[@Abelieverintruth]

Good Video Jerry. As we all know, there are No federal real estate laws that have jurisdiction on this topic.. We have to only be concerned about state laws governing title companies and be able to legally maneuver around them. I believe a wholesaler may be able to document his services as a fully disclosed " business consultant" to buyer and seller and bypass the upcoming state legislation. The wholesaler may be able to place a flat dollar fee on his consultation services in the contract between both parties with full written disclaimers protecting the wholesaler where all three parties agree up front on the flat dollar fee and super fast closing. As you mentioned these unique sellers require a unconventional consulting service that a typicial licensed realtor or broker are not able to perform. Not to mention many licensed agents are too busy to even pick up a phone on their own listings. I was originally licensed first year in college in 1985 in Ohio and was completly stunned on the work ethic of 80% of residential real estate agents. My experience is only 2 out of 10 agents are hard working good creative deal makers. I agree we can have a two tiered closing over a slightly longer period of time where wholesaler buys home from seller then closes with new buyer through same title company. This will require your est. 30 day "short term capital" to fund the deal between wholesaler and seller before buyer executes the second closing with title company, between investor/buyer and wholesaler. I believe your short term capital for wholesalers will eliminate this issue in these states. It's really no surprise see what states and political party appears to be pushing for this legislation.

[@synergystargoddess6437]

People love to blame someone but themselves. Wholesalers are not the problem, if you’re good at what you do nothing can stand in your way. I am not stopping my wholesale journey! But I am also getting ready to take state exam 🤣 California here I come!

[@FlippingMastery]

Great attitude!

[@lui-g_charlatan]

Jerry as always thank you for flooding me with all this information.you are really appreciated and to think I follow the BiggerPockets podcast and I’m shocked that they are aiming at wholesalers that way.once again thankful and grateful for your content.

[@johnhollywoodcarflippingar8234]

Jerry, I love your videos and what you do for the online investor community. However, I have to disagree with you. As a Real Estate Agent myself, we most definitely can service a distressed seller, and sometimes even buy these properties as an investor ourselves. Use your old guy hoarder’s home as an example. An agent can still get that house on the MLS. It may be disgusting and hard to walk through, but we can still fulfill the role to get the house sold just as well as a wholesaler. The difference is we have to follow the code of ethics and protect the public (seller) throughout our process.

[@YakMotley]

Great video! I agree with you. But I think they will make it illegal. There are some really wildcat contracts floating around out there.

[@gigawatts6667]

Ya you could write it on a napkin and sign with a mustard bottle

[@mellasish]

Perhaps wholesalers should be limited to the standard 5%, 6%, 0r 7% standard agents are held to. How much money should wholesalers have to make off one transaction?

[@gigawatts6667]

@@mellasish I think it just depends on the situation. If I bring a buyer to the table that will get creative or saves you from foreclosure when your house has little or no equity, catches up your payments, gives you a little cash theni think I deserve more than a 3 percent commission as long as everyone is winning. DONT COUNT THE MONEY IN OTHER PEOPLES POCKETS. However alot of wholesalers and even agents dont have the sellers in their best interest. Its about helping them with what they are trying to accomplish.

[@gigawatts6667]

Keep in mind your average agent wouldnt even know how to structure a creative deal such as subject to or even seller financing 🤦‍♂️

[@letsinvest1476]

C'mon, if a piece of paper or napkin contain all the terms under which you agree to sell your OWN property, real estate or not, that is a binding contract when contract when properly executed.

[@norwoodhammond650]

99% of wholesaling is dealing with OFF MARKET Distressed properties.

[@loganroca]

Right! And those sellers have no plans to list the property with a real Ator

[@IlkanAli]

Facts so we know it’s just to keep people from making money full of greed and corruption

[@Keeps-]

Where can I find off market distressed properties?

[@IlkanAli]

@@Keeps- drive for dollars

[@IlkanAli]

As in drive and look for them

[@bledsooee]

Just make a agency for wholesaling like they do realtors

[@theculturedev]

I am a fan of Jerry and I’ve learned a lot from his channel. Super thankful for that! I’m a real estate agent in MN and focus on finding opportunities with distressed off-market properties. So I get where this video is coming from. That comment about BiggerPockets is not accurately representing that community as a whole. They’ve had a number of amazing podcasts from wholesalers that utilize very similar strategies Jerry uses. I’ve learned quite a bit from BiggerPockets in the context of wholesaling. I think it’d be smart to find ways to bridge your community with BP’s community via creative content and getting on their podcast 👍🏼

[@iwatchyoutube.2790]

I Don’t know why some agents hate wholesalers. I am a realtor myself and I work with wholesalers. Most are missing the bigger picture we all are just making a deal happen at the end of the day.

[@faithm7492]

Jerry for president, you are a flipping genius! SMH, it’s sad how they don’t see that we can help each other. Your example of the elderly gentlemen was a crystal clear reason why wholesaling is useful and necessary and why real estate agents are not always the best option.

[@mellasish]

Understood. However I don't think wholesalers should be allowed to earn any more than a standard fee of 5%, 6%, or 7% fee on any transaction.

[@faithm7492]

@@mellasish what difference does it make if everyone in the transaction gets the number they want and are comfortable with it. That’s the problem, people worry too much about what’s in other peoples pockets. NAR doesn’t care about the seller as much as they care about what the other person is making which maybe more than them. Nobody is putting a gun to anybody’s head, you get what you accept or negotiate.

[@nickhall6687]

I'm actually very honest about the way I describe my role as a Wholesaler in the whole process. And it has led to nothing but satisfied clients!

[@mellasish]

That may very well be but at the same I don't believe wholesalers should be allowed to make any more than a 5%, 6%, or 7%.

[@allenstewart5545]

Jerry for president, the flipping genius!!! We need someone with a voice that can stand up for wholesalers around the country !

[@tayfromthebay]

It's really funny how bureaucrats always fight against free market yet argue it the most when they want voters and "contributions". NAR is the largest lobbyist organization in the country. I'm not surprised that they're getting away with this while their own agents run wild and are caught with fines monthly due to their own faulty practices. On the wholesaler/investor side, we need our own large, non-profit organization that protect us and our interests. We need our own ethics board/organization so that the bad apples and sloppy wholesalers are punished without damaging the wholesaling/investing industry.

[@beastblocker0477]

Actually I’m a realtor and I like wholesalers... they get off market properties and put it the market(like back to it...)

[@DrPhibesxx7]

I think some type of standardized laws for wholesalers would be ok. Work out an agreement where everyone wins. Perhaps some simple rules to follow, and a low cost wholesaling license, instead of a full blown sales license? Perhaps when doing an assignment, 2% of the profit goes to NAR or local Realty association? This business is all about making agreements, so it should be fairly easy for all sides to reach an equitable agreement.

[@matthewwilliams1683]

It still wouldn’t stop anything. All you’ll have to do is start double closing. Then it’s nothing they can say then

[@allenstewart5545]

But then it’s stopping people just starting out in real estate, it’s going to hurt the people that are looking for a way to get into the business that don’t have the funds to buy the property.

[@matthewwilliams1683]

@@allenstewart5545 It’s a lot of title companies who do transactional funding or have lenders that’ll do them. As long as you have the end buyer in place. Some title companies will also let the end buyer fund the transaction first and close with you and the seller last

[@angelhernandez2557]

Seems like wholesaling helps a lot of agents by educating them and getting them paid!

[@FlippingMastery]

True!

[@JohnDoe-fs6lz]

Bingo . But if you aren’t license than it’s very gray area. But than again everything is risk to a certain point

[@IlkanAli]

For just for them to learn what we do they had no idea of then try to get rid of us it’s amazing

[@mellasish]

Perhaps, However I don't think that wholesalers should be allowed to earn any more than a fee of 5%, 6%, or 7% of any transaction even if they are not realtors.

[@angelhernandez2557]

@@mellasish I’m no one to determine what percentage anyone deserves to get paid for their work but if you are an agent and don’t know what the comps are in the area of your listing, then whoever sheds this light upon you probably shouldn’t be judged about how much they get paid for their work.

[@natashaglover1592]

This is so silly, now I have to learn double closing. I just started in this industry this year with Flipping Mastery. Jerry for president you are a flipping genius!

[@FlippingMastery]

Just adapt. Learn how - useJerryscash.com

[@cydnicolquitt3429]

Jerry thank you for this valuable info. I am at the start of getting into the wholesaling business. I am a license realtor. The info about NARDS just sent me into a tail spin. 😞

[@rogelioordonez4347]

JERRY for President....... You are the Flipping GIneo....I back you up President to fight this NAR against Wholesalers...

[@YTTJamonHenry]

But most of us can’t actually buy a property and why we are wholesaling to gain capital to do so

[@FlippingMastery]

Just adapt, that’s all. Learn how: UseJerrysCash.com

[@BryanCoombes]

In my market and based on my 20 yrs experience a good realtor can satisfy all the issues a "wholesaler" can- based on your description. Here in BC assignments are considered predatory which is why they are only able to happen after a specific disclosures has been presented to the seller prior to entering into the contract. Prior to this disclosure period a few years ago, many sellers discovered they were selling under value in a rising market, only to find that their contract was being flipped for profit.

[@troyho1671]

As an agent and a member of NAR, they should wod about all the unethical agents that do unscrupulous things

[@sotrder]

Thanks Jerry!...but can't/won't they eventually try to pass laws that ban quick flips (even if you buy & close)? Maybe do a video on this...? Love you Jerry! ❤️

[@stacy5431]

Jerry for President cus your a flipping genius!!! Thank you so much!!!

[@anthonyarthur1028]

Wholesaling can never be illegal it’s a contract America is built off contracts if you go to a homeowner and the both of you have an agreement on price on paper then you have the right to do whatever you want with that property and deals are still getting done even in those other states with regulations so there’s nothing to be worried there’s tons of opportunities out there acres of diamonds

[@mrkalenda4911]

He trynna sell us something brother 😂

[@Thenatalyteran]

I think they won’t ever ban wholesaling. I just think they will require you to have a license . Which is better because you will have less competition!! You must also have a clean record & insurance. Not that big of a deal .

[@michealkenway2573]

A smart Real Estate Agent would seek out wholesalers as clients and utilize the "double dip". 6% of 90,000 is the same as 3% of 180,000. In other words, if I offer you 90k for the home and allow you to represent me, another person who comes in and offers 140k would be paying you less money. It'd be smarter for you to take and work with my 90k offer. Your bank account will thank you.

[@COLTONVON1983]

Also no corporation or government in the U.S. has the power to take away what was once a right and turn it into a benefit and then charge a fee to you so you can exercise said benefit. that's illegal as hell.🔥🔥🔥

[@thecashhousebuyersteamh4921]

Excellent opinion Jerry 💯. We just signed up for the training . Wholesaling is definitely being attacked it’s very obvious. Why won’t the larger wholesalers like you and Dave Dey and Steve Trang, and Jamil Damji and Fllipman Ty and Tony Robinson Sr and others come together and hire lobbyist to represent us like NARS and other real estate agencies do? What’s the problem?

[@FlippingMastery]

Getting organized.

[@thecashhousebuyersteamh4921]

@@FlippingMastery awesome organization is key

[@sinceiwas12tv98]

Jerry For President, "You Are A Flipping Genius!"

[@christinajones2155]

Wow! This is crazy! Maybe, they need to sit down & talk to you!! Because they don’t understand

[@consuelaadams4899]

JERRY FOR PRESIDENT YOU ARE A FLIPPING GENIUS !!! YOU ARE RIGHT THEY NEED TO HEAR OUR SIDE AND THE MOTIVATED SELLERS SIDE!!

[@mellasish]

Wholesalers should be limited to I feel the standard 5%, 6%, or 7% standard agents are held to for one thing but not banned.

[@jenniferestrada9119]

beautifully explained thank you Jerry

[@myrandomlife5266]

But if you purchase the property, it will affect your wholesale cost because you then have to add your closing costs to your bottom line rather than just a flat 10k fee. When you do your deals now, do you factor in closing costs on the purchase/sells price? Or do you pass it to the buyer/seller in closing Depending what side of the sale you are on obviously

[@TheOriginalCryptoPimp]

Jerry, If no one has told you, I'm telling now...you're a flipping genius.

[@FlippingMastery]

😂😂😂🙏🙏🙏

[@myrandomlife5266]

Great videos btw. Super informative in layman’s terms and transparent. I respect your movement and I appreciate the time and effort you put into it 👍

[@mr.mccladdie275]

A lot of Agents won’t or don’t even know you can list a distressed property. Most want the sellers to do some work to the property so the end buyer can be a traditional buyer and can get financing. Sn: Jerry for President . You’re a flipping Genius

[@mellasish]

Wholesalers should be limited to I feel the standard 5%, 6%, or 7% standard agents are held to for one thing.

[@msmichelletoliver651]

NAR is banning wholesaling, but allowing investors access to MLS that’s backwards

[@YTTJamonHenry]

Jerry for president! You are a flipping genius 💯

[@imperfectcalm9622]

We should focus on our own pockets. God provides for all of us no need for jealously. My husband is a Realtor and I’m a proud wholesaler 🥰.

[@zayagilana8760]

"Jerry for President, you are a flipping genius."

[@AR4ace]

Philadelphia didn't ban wholesaling. You have to get a wholesaling license. People are still getting deals done.

[@layparisss]

Wholesaling license ? 🧐

[@AR4ace]

@@layparisss yeah it’s 200 bucks that’s all.

[@layparisss]

@@AR4ace Oh this is good to know. Can anyone apply for the license ?

[@AR4ace]

@@layparisss yeah . Philly has so many vacant properties so it doesn’t stop anything . It’s only in Philly too . It’s not state wide

[@laquitagalloway2023]

OMG! Jerry I nominate you President for Wholesaler. Thank you so much for info and helping us to prepare.

[@acking1502]

Jerry, i recently got my license in the State of WI due to your advice. Should I continue to try and capture my first deal or just become an agent altogether? I would like to wholesale but I'm not sure if it's even ethical or safe to do at this point. By the way, Jerry for President, you're a flipping genius.

[@robedwards5148]

Jerry always appreciate your continent. It is getting really out here. I will definitely sign up for funding course. Thank you 🙏🏿🙌🏾

[@ponketsu895]

Jerry for President of the new 'National Association for Wholesalers'! Go represent and defend us wholesalers putting in hard effort to help all of our clients.

[@hermusicsoundsgood]

JERRY FOR PRESIDENT YOU ARE A FLIPPING GENIUS

[@omeezi8744]

They feel threaten by wholesaling but if they look at the benefits that it has on the housing market they would reconsider that. Realtors and wholesaling work together everyday to solve many problem's. Wholesalers put houses back on the market that would never be able to be sold traditionally and realtors sell them just fine for a commission. As Wholesalers we have to tighten up the practice because they want to govern it really bad.

[@Bangs_Theory]

You would be a perfect advocate to speak on behalf of the Wholesaling Industry. Why can't we collectively lobby against NAR's greedy motive?

[@swordfish00007]

Excellent info Jerry and thanks for sharing this.

[@shakeisiciar.barrett4091]

Jerry I agree with you. Something needs to be done for wholesalers.

[@lluvialoyahess32]

In past experience as a sales representative for track home builder some realtors are just to lazy to do any extra work on a regular client. Their ego is to big, they dont realize they would get easy commission if they work with wholesalers. Predatory and deceitful comes within the person not a title. Honest wholesalers and realtors should be here to help and find a better solutions for those that are in a bind aka helping those who cant help themselves, it's in the bible...... more and more it's about selfish power, and greediness. There is enough business for everyone. Some minds are so limited that is why they lack and find themselves fighting for something they won't be able to uphold in the long run nor make a difference in what they are currently doing or making money wise.

[@diegofelipenicolas4779]

Excellent!

[@COLTONVON1983]

the people have 👉unalienable private property rights to have or sell which can not be infringed upon by any corporation or government no matter how much they may want to, it would be unconstitutional and thus illegal and 100% Null and Void and the first time any fine is put on someone and it goes to trial ANY new law or code that the wholesaler was alleged to have broken or violated can be 100% made null and void by the Jury of said trail to say "we invoke JURY NULLIFICATION". the jury has the final word, that's their job under law and it doesn't matter if the judge or lawyers agree with the Juries decision or not, the JURY has the power to null and void any law they deem to be unjust or unconstitutional. The people have the power and it will stay that way. ❤❤❤❤❤❤❤

[@agentdoctor8947]

It’s not illegal in Philadelphia nor do you need a license, they got rid of it

[@saranwright7113]

In Philadelphia you need insurance, a license && other documents. It started in January..

[@agentdoctor8947]

@@saranwright7113 wow, that’s something new

[@dwayne9959]

Interesting to see the cities that are first to have laws against wholesaling. It’s obvious why.

[@thecashhousebuyersteamh4921]

Right

[@hermusicsoundsgood]

EXCELLENT EXCELLENT ANALOGY Jerry

[@satchbernhardt5778]

I’m in agreement with creating a voice for wholesaling. I will be on boarding with helping in any way possible

[@marz1054]

Jerry you’re the best! But screw the Government! This will NOT stop me from Wholesaling.. The show goes on! And this video just gave me fuel to Wholesale even harder... These agents can go to hell!!

[@instanthellmurderer]

I'm with you there Ozz. I hate being broke.

[@DocktorJAPPROVED]

- PLOT TWIST - An assignment of contract is NOT even a real estate transaction.

[@user_abcxyzz]

Without the real estate there would be no transaction. So yes, it is a real estate transaction. Its the way investors transact. You're thinking like an employee. You must be one of those useless real-ators. We dont like your kind 😂

[@DocktorJAPPROVED]

@@user_abcxyzz I am an investor / wholesaler. When I say that a contract assignment is NOT a real estate transaction, I mean it literally, and legally. It is LITTERALLY not a freaking real estate transaction. A contract is personal property. Furthermore, title companies aren't even supposed to dole out assignment fees, as it's NOT real estate. YOU my friend are the mis-informed ignorant wholesalers that's getting it banned. Keep learning something new every day, and STOP talking out of your ass. Please and thank you.

[@user_abcxyzz]

@@DocktorJAPPROVED ok

[@Bangs_Theory]

@@user_abcxyzz I bet you're not even in the business goof-ball.

[@user_abcxyzz]

@@Bangs_Theory everyone is in the business 😂

[@tylerhawes4536]

Thanks Jerry for keeping us all informed! The God Father of Wholesaling

[@sandro.real1]

Jerry I love how you keep it so real!!!

[@preston8859]

I would disagree that there are deals that couldn’t work for sellers with an agent. Realtors don’t just sell show homes. I see junk houses or horder houses all the time on the mls and if it’s priced right it still sells. I’ve even seen some that sell sight unseen with realtors. And the sellers can almost always get more than a wholesaler will pay.

[@JSCimmo]

Exactly, in this current market any seller will get way more money if they go retail/public. Also, everything priced right will sell very fast, as is.

[@preston8859]

@@JSCimmo yep, this is the kind of stuff that makes wholesalers look worse in my opinion. I’m all for getting good deals, but there are more honest ways to do it. I’d bet most sellers would be pissed if they knew upfront the wholesalers were turning around and flipping their contracts. That bigger pockets article he mentions in the video actually has a really good explanation for it. It’s basically the same as net-listings in real estate, which are illegal.

[@preston8859]

Also, if wholesalers are so great for the real estate market and sellers, why’s this guy got a video on why you shouldn’t disclose to sellers that you’re a wholesaler?

[@tonydeeds6977]

Jerry we neeeed you!!! at these meetings' talking for us when there at the round table....

[@johntayloriii1541]

Jerry for president You are truly a flipping genius