misenhour 0 Report post Posted June 10, 2011 I am a licensed broker and I am interested in doing lease options and wholesaleing.I have contacted the legal department of The NC Real Estate Commission and they deferred me to a local attorney. The attorney is not sure either.As long as everything is disclosed, should there even be an issue?Is anyone licensed and doing these in NC? Thanks for any help.Michael Share this post Link to post Share on other sites
lhenley 8 Report post Posted June 10, 2011 Michael, I'm not an attorney, and have never played on on TV. Shoot, I don't even live in NC, but why couldn't you??? As long as you act as a principle, and disclose that you're a broker. Lynn (FL) Share this post Link to post Share on other sites
<Steve> 82 Report post Posted June 10, 2011 True for the most part it is a nonissue kinda. The law in place now does have specific guidelines to follow however. 75% of it requires specific information be included in the option agreement, no biggie. There is no case law, so I have heard other attorneys and investors say them same thing. Obviously, with the amendment to the law it is still in flux and as issues come to court down the road more will be defined. By-the-way, I get leads in other cities in NC where are you located if I can ask? Sorry don't know your name D-MACC. You can PM me if you would like or post here. Share this post Link to post Share on other sites
misenhour 0 Report post Posted June 10, 2011 I live in the Hickory area. I have been in real estate for awhile, I just don't see an issue with full disclosure. Share this post Link to post Share on other sites
<Steve> 82 Report post Posted June 10, 2011 Yes, full disclosure is good. I knew someone in that area years ago who was rolling with L/Os. I think he has moved on now. If I get any leads in that area I would be glad to send them your way. Share this post Link to post Share on other sites
misenhour 0 Report post Posted June 10, 2011 Steve, I would appreciate that, getting started I can use all the help I can get. Share this post Link to post Share on other sites