How the Board of Realtors tried to Scare us! #wholesaling #paynelessflipping #paynelesswholesaling

Name: How the Board of Realtors tried to Scare us! #wholesaling #paynelessflipping #paynelesswholesaling
Uploaded: 2024-04-08T23:00:01+00:00
Duration: 36 s
Channel: Nathan Payne
Description: In this monologue, Nathan Payne recounts an encounter with the Utah Board of Realtors, who warned him that he could not sell real‑estate deals without a…

8 Apr 2024 · 1 min

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In this monologue, Nathan Payne recounts an encounter with the Utah Board of Realtors, who warned him that he could not sell real‑estate deals without a license—a claim that had no legal basis at the time. The Board’s attempt to intimidate him failed; they let him go, likely dismissing him as inexperienced. Following this incident, Payne altered his outreach approach, avoiding mass blasts to every Utah agent. He also describes subsequent challenges: agents frequently claimed to have cash buyers, and he grew wary that any buyer he introduced—whether an agent or a direct buyer—might be communicated to the seller, potentially jeopardizing his deals.

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And we just tell them, hey man, we're trying to sell this deal. And you know what ended up happening is they were just like, hey, you can't do that, you're not licensed. Even though there's no law or no rules at the time and still aren't, they were just trying to scare us. Nothing happened. They let us go. They probably looked at us like, these guys aren't going to make it far, they don't know what they're doing. But anyway, the Board of Realtors, they try to scare us, whatever. We definitely did not blast out deals to every real estate agent in the state of Utah after that ever again. But what ended up happening next is, as we were looking for buyers, we were getting agents that would say they had cash buyers. So we were like, we were scared that if any buyer that we brought, agent or buyer, that they would talk to seller.