Question 1

Do I need a real estate broker's license to wholesale property in Spokane?

Accepted Answer

No, not if you are working your own contract. Washington exempts "any person who purchases or disposes of property...for that individual's own account" from broker licensing under RCW 18.85.151(1). Buying and reselling your own equitable interest in a Spokane contract fits inside that exemption; marketing a property you do not own, on behalf of someone else, for a fee, is brokerage and needs a license. Washington has no wholesaling-specific statute, disclosure mandate, or state guidance letter on assignments, so there is no extra local paperwork layer on top of the exemption. Talk to a Washington real estate attorney about your specific contract language before you rely on it.

Question 2

Does closing my Spokane double close twice in one day double my transfer tax?

Accepted Answer

Yes, both legs pay Washington's real estate excise tax. REET is graduated at the state level and stacked with a local rate that is the full 0.50% in Spokane, Spokane Valley, Liberty Lake, Cheney, Airway Heights, Deer Park and Millwood; Medical Lake is the outlier at 0.25%. On an A-to-B leg and a B-to-C leg, each transfer is its own conveyance and pays its own REET, so a same-day double close carries two excise-tax bills, not one. Budget for both legs when you price the assignment, and confirm the current local rate for the specific city before you close, since the Department of Revenue updates these tables periodically.

Question 3

Can my LLC be sued for usury on a Spokane transactional funding loan?

Accepted Answer

No. Washington's usury shield, RCW 19.52.080, bars corporations, trusts, partnerships, joint ventures, and other entities from pleading the defense of usury at all, and separately shields any transaction, including one made to an individual, that is primarily for business, commercial, or investment purposes. A Spokane wholesaler funding an A-to-B leg through an LLC is covered by both provisions. The carve-back is consumer transactions for personal, family, or household purposes, which is not what transactional funding is used for.

Question 4

Who actually closes a double close in Spokane, a title company or an attorney?

Accepted Answer

Washington closes through escrow, not attorney closings. Escrow agents are licensed under the Escrow Agent Registration Act, and every escrow transaction has to be supervised by a licensed escrow officer. Limited Practice Officers, licensed by the Washington Supreme Court, prepare the closing documents at the escrow or title company handling your Spokane deal. No local Spokane-specific double-close or back-to-back-closing norms have been separately confirmed, so line up an escrow company that can run both legs on your timeline before you go under contract, and ask directly whether they have handled a same-day double close before.

Question 5

What if my B-to-C buyer's financing falls through on a Spokane assignment?

Accepted Answer

You are not stuck holding a deal you cannot close. If your end buyer walks or their financing falls apart, our fix and flip loan can fund the purchase and rehab budget so you renovate and resell instead of eating carrying costs on a stalled assignment. That is a separate underwriting decision from transactional funding, and either leg still closes through a Washington-licensed escrow company. Talk to us before your closing date so we can have terms ready if you need the fallback.

Question 6

Why do wholesalers work Spokane contracts instead of Seattle?

Accepted Answer

The entry basis is roughly half, so there are more deals to work. Spokane's mid-tier home value ran about $403,557 to $428,857 through mid-2026, against $785,025 to $856,052 in Seattle, roughly half the basis on the same state's law, the same foreclosure statute, and the same title practice. Spokane's resale market also moved slower in July 2026, a median 47 days on market with about 43% of active listings cutting price, conditions that put more contracts in play for an investor working assignments rather than holds. A lower entry basis does not change the tax or licensing rules above; it changes how many contracts are worth working.

Question 7

Do I need a down payment to fund a Spokane double close?

Accepted Answer

No. We fund up to 100% of the A-to-B purchase price. Repayment comes out of the simultaneous B-to-C sale, pricing is a flat fee rather than a rate, and underwriting runs with no credit check and no appraisal. What you do need to budget is Washington excise tax on both legs, since each transfer is its own conveyance in Spokane. Subject to underwriting.

Question 8

How long can I hold transactional funding on a Spokane deal?

Accepted Answer

Days, not weeks. This is same-day capital for a simultaneous close, so the B-to-C leg has to be signed and ready before we fund the A-to-B leg. Line up an escrow company that can run both legs on your timeline, since Washington closes through licensed escrow rather than attorney closings. If the end buyer walks and the file turns into a hold, that is a different program and a separate underwriting decision. Subject to underwriting.

Transactional Funding in Spokane

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