Agent For Commercial Property In Philadelphia
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FAQ
Is Wholesaling Real Estate Legal in Pennsylvania? Yes, wholesaling real estate is legal in Pennsylvania as long as you follow the real estate laws of the state. As a wholesaler, you should be transparent about your role in the transaction.
Let us start with the legal requirements for selling real estate in Pennsylvania and New Jersey. In both states, you must have a real estate license to represent a buyer or seller in a real estate transaction. However, you are allowed to sell your own home without a real estate license.
You need a Rental License to rent out dwelling, rooming, or sleeping units to tenants. This can include residential dwellings and units, rooms in a home, dormitories, and certain visitor accommodations. One license can cover all units in a single building.
Service overview. You need a Residential Property Wholesaler License if your business is to buy residential properties solely for resale or to get owners to sell their residential properties so that you or someone else can buy and resell them. This includes multi-family and mixed-use buildings.
You need a Commercial Activity License to do business in Philadelphia. This includes businesses that are located outside the city limits that do business in the city. The Department of Licenses and Inspections (L&I) issues this license.
Unlicensed contractors and unpermitted work To report unlicensed contractors or unpermitted work, use 311's online form or call 311. If you're outside Philadelphia, call (215) 686-8686 instead. After you've filed a report with 311, you can submit more information to addinfoli@phila.
