Legality of Lease Options

[dollarBlogger]

Hi All,

I’ve recently run into a few people here (in Oregon) that have told me that participating in lease options (when you aren’t the Owner of the property) is illegal unless you have a real estate license. I believe that ORS 696.010 (15) states it as practicing “professional real estate activityâ€, but exceptions to that can be found at ORS 696.030. Although I’m certainly not opposed to getting my license, I’d rather not. If I can be the middle-man in a sandwich lease option without a license, why spend the money and time to get licensed?

At this point I’m consulting a few attorneys to see what my options are. I’m wondering if there are ways that I can structure a sandwich lease option in such a way that it is legal. Every states laws are a little different. Are you doing something unique in your state to get around this? I’d love to hear what it is...

Thanks in advance,
dB

 

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[NoMoneyDown]

Iwisz tvevit mext esi e movvmi foggisipv.

Epf vjev ot vji liz. Jisi op Viyet tiwisem ziest ehu, vji mihotmevasi qettif tuni pix mext vjev nefi ov opdsietophmz foggodamv vu fu M/U't, emvju, qiuqmi tvomm fu vjin iwip vufez.

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[dollarBlogger]

Hsievmz eqqsidoevi vji sitqupti PuNupizFuxp.


Ziej, O jef jiesf ecuav vjev mex fuxp op Viyet. O katv jefp’v siemmz jiesf xjisi Usihupt mext tvuuf up vji ottai apvom sidipvmz. Zua’si sohjv, og zua esi vji Uxpis (up vovmi) ug vji qsuqisvz vjip zua dep fu xjev zua xotj. O’n katv vszoph vu gohasi uav jux O dep fu vjot xovjuav veloph vovmi. Jisi esi e duaqmi vjopht O’wi jiesf tu ges gsun vji qiuqmi O’wi tqulip vu:

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• Hiv e juni apfis dupvsedv epf vjip ettohp vji dupvsedv (fosidvmz gsun Uxpis/Timmis vu Vipepv/Cazis) gus e gii.

O lpux vjisi esi uvjis xezt, O katv fup’v lpux ecuav vjin (ziv). Zua fup’v lpux xjev zua fup’v lpux! Muul gusxesf vu jiesoph gsun uvjist uav vjisi...

~fC

 

[dollarBlogger]

Tuniupi tipv ni vji evvedjif mopl vjev O vjuahjv xet xusvj tjesoph...

Juqi zua gopf ov atigam!

Comm Csupdjodl - Fu Zua Piif e Modipti vu Gmoq Siem Itvevi?

~fC