The practice of individuals or companies entering into assignable contracts to purchase a home from an owner, then marketing the contract for the purchase of the home to the public has been become a hot topic nationwide in the real estate industry in recent years. This is usually referred to as “wholesaling”. The question is often, “is wholesaling legal?” The answer depends upon the specific laws of the state in which the marketing is occurring. In South Carolina, the practice may require licensure and compliance with South Carolina’s real estate licensing law. At recent Commission meetings, there have been discussions...