Hey…I’m new at this so be nice…Just talked with my RE attorney in Florida and he said if I try and do a slo and try to assign it, I will need a RE license because I would not have the intent of buying. Even if I become a principal. I would still give the impression I was just looking to bring a seller and buyer together. Any thoughts.
Thanks Wxman(use to be one on TV).
You need to find another attorney, because the advice this one gave you is wrong.
In Florida, for the past couple of years, the state attorney general has been investigating consumer complaints about lease-options offered by a network of rental property companies operating along the Gulf coast. The attorney general says the lease option deals that were the subject of the complaints his office has received have all the indicators of an unfair and deceptive trade practice.
You may want to tread lightly in Florida if you are pursuing this niche.