Posted by CarolFL on April 15, 1999 at 09:53:40:
That’s the answer. Understand that ‘flipping a contract’ is even more removed from selling RE which you do not own, for someone else, and receiving a commission from them for it than would be selling the house to which you had taken title. Unless otherwise precluded by your contract, which should read " and/or assigns", that contract - not the RE itself - is what you are selling. So, why then would you need a RE broker’s licence? You can sell the contract, unless it is precluded within the contract, to whomever you chose… investor, or owner/occ.
I am not an atty, nor realtor, but unless your state has different laws than ours, I am quite sure you’ll find this to be the case.
Good luck-
Carol