Question 1

Do I need a real estate license to wholesale a College Station deal?

Accepted Answer

No, as long as you disclose the equitable interest in writing. Texas Occupations Code section 1101.0045 lets you acquire an option or a contract interest and assign or sell it without a license, provided you don't use it to broker deals and you disclose the nature of your equitable interest in writing. Since a 2023 amendment took effect on 2024-01-01, that written disclosure has to go to both the seller and the potential buyer, not just the buyer as under the original 2017 version. Skip the disclosure and the statute treats what you did as unlicensed real estate brokerage. That rule applies the same way on a Bryan-College Station assignment as anywhere else in the state.

Question 2

Is a double closing legal on a College Station or Bryan property?

Accepted Answer

No Texas statute prohibiting double closings has been found. A double close, two separate deeds on an A-to-B and a B-to-C transaction, is not the same event as an assignment, so it doesn't trigger the same 1101.0045 written-disclosure requirement in the same way. That said, no source confirms a specific Texas title-company practice, seasoning requirement, or same-day funding norm for double closes, so don't assume every Brazos County title company handles the mechanics the same way. Ask your closing attorney and title company how they structure the A-to-B leg before you count on a same-day turn. See the transactional funding program for how we fund that leg.

Question 3

Will I owe a transfer tax on the A-to-B leg of a College Station double close?

Accepted Answer

No. The Texas Constitution, article VIII, section 29, added by voters in November 2015, bars the Legislature from enacting any law that imposes a transfer tax on a transaction conveying fee simple title to real property, effective for transactions after January 1, 2016. That's a constitutional bar, not just an absent statute, and it applies to both legs of a double close the same way it applies everywhere else in Texas, including Brazos County. The one carve-out is a tax on the issuance of title insurance itself, which is not barred.

Question 4

Where does the A-to-B deed get recorded on a College Station or Bryan deal?

Accepted Answer

The Brazos County Clerk, since both College Station and Bryan sit in Brazos County. Texas has 254 counties, each with its own clerk and its own recording practice, so a deal that closes in a different county along the Highway 6 corridor, Navasota in Grimes County or Caldwell in Burleson County, for example, records with that county's clerk instead. No College Station-specific detail on the clerk's recording process, hours, or e-recording setup was sourced beyond that county assignment, so confirm current recording procedure with the Brazos County Clerk or your title company before closing.

Question 5

Does College Station's foreclosure timeline affect how fast I need to line up a double close?

Accepted Answer

It can, because distressed inventory here turns over on a fixed monthly clock, not a court calendar. Texas is a non-judicial, deed-of-trust state under Property Code section 51.002: sales happen at the county courthouse between 10 a.m. and 4 p.m. on the first Tuesday of the month, after at least 21 days' notice. On non-owner-occupied investment property, there's no residential 20-day cure notice, so the floor from default notice to sale can run close to 21 days. If your A-side contract is tied to a Brazos County foreclosure sale or a fast-turning distressed listing, that timeline is why the A-to-B leg needs capital committed before the first Tuesday, not after.

Transactional Funding in College Station

How it works

Transactional Funding in College Station: local questions

Guides for Transactional Funding

Other programs in College Station

Funding College Station deals fast.