The Application for Residential Property Wholesaler License is the form the City of Philadelphia Department of Licenses and Inspections (L&I) uses to license people who buy, solicit to buy or substantially improve residential property in the City in order to resell it. It is one of the Philadelphia business license applications L&I publishes for real estate and property businesses, and it is for a NEW license. On FillingPDF you can fill out the form online and download or print the completed PDF; the form states that it must be submitted in person and not mailed.
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What is L_006_F?
The Application for Residential Property Wholesaler License is the City of Philadelphia Department of Licenses and Inspections (L&I) form used to apply for a new Residential Property Wholesaler License, required of anyone in the business of buying, soliciting to buy or substantially improving residential property in the City for resale.
The form has three parts and a declaration. Part A collects contact information for the applicant, the business and every Pennsylvania corporation in which the applicant has an equity interest, including limited liability corporations and interests held through parent-subsidiary structures. Part B is a checklist confirming that proof of active insurance, tax status and a criminal history search are provided. Part C sets out the limits and conditions that apply to a licensed wholesaler, such as the written disclosure owed to homeowners. The applicant then signs a declaration that the statements are true.
L&I publishes companion materials on the same page: a supplemental information form for identifying corporations, the license limits and conditions, and the Disclosure to homeowners with solicitation to purchase. The form is for a new license; it does not apply to the rental, limited lodging, high-rise or vacant property licenses that L&I lists separately.
Who needs to file L_006_F?
Anyone in the business of purchasing, soliciting for purchase or substantially improving a residential property in the City of Philadelphia for the purpose of resale files this application to obtain a NEW Residential Property Wholesaler License.
Points the form attaches to the applicant:
- Corporations: the applicant must name every Pennsylvania corporation, including limited liability corporations, in which they hold an equity interest, whether direct or through one or more tiers of a corporate structure.
- Criminal history: an applicant who pled "no defense" to crimes related to fraud or deceit, or to violations of the Public Office and Employee Ethics Law, must wait at least six years before applying.
- Licensing before soliciting: an agreement of sale made by a wholesaler who was not licensed at the time of solicitation may be rescinded by the homeowner at any time before title transfers.
The form says nothing about who may sign on the applicant's behalf; the declaration is signed by the applicant. Owners looking to rent out property or run lodging use other L&I applications, not this one.
When to file L_006_F
Submit the application when you are starting a residential property wholesaling business and need a new license. Because the form says an agreement of sale signed by a wholesaler who was not licensed at the time of solicitation may be rescinded by the homeowner, the license is needed before you solicit a homeowner's property. The form prints no separate filing deadline and no renewal date.
After you apply, you or a licensed wholesaler must notify L&I in writing within seventy-two (72) hours of any change in the information contained in or submitted with the application. Applicants who pled "no defense" to fraud, deceit or Public Office and Employee Ethics Law offenses must wait at least six years before applying. A licensed wholesaler must give each homeowner the required Disclosure at least three (3) days before presenting an offer to purchase.
Documents you need
- Proof of active insurance with the minimum insurance amount, as listed in Part B, item 1.
- Evidence that you are current on all City of Philadelphia taxes, as listed in Part B, item 2.
- A Criminal History Record Search by the Pennsylvania State Police, as listed in Part B, item 3.
- The residential property wholesaler license supplemental information form, which L&I publishes for identifying all corporations in which the responsible person has an equity interest.
How to fill out L_006_F
Confirm this is a new license
The form is for a NEW Residential Property Wholesaler License for someone buying, soliciting to buy or substantially improving residential property in the City for resale.
Enter applicant contact information
In Part A, write the Name of Applicant, Applicant Address, Email and Phone.
Enter tax and license numbers
In Part A, enter your Commercial Activity license Number and your Philadelphia Business Income and Tax Number.
List Pennsylvania corporations
Under Name of Pennsylvania Corporation, name every Pennsylvania corporation, including LLCs, in which you hold an equity interest, directly or through tiers. Add the Title and Home Address, City/State/Zip lines for each.
Complete the Part B checklist
Mark Yes or No for proof of active insurance with the minimum amount, being current on all City of Philadelphia taxes, and a Pennsylvania State Police Criminal History Record Search.
Review limits and conditions
Read Part C, including the requirement to give homeowners a Disclosure at least three (3) days before presenting an offer and to have them sign it.
Sign and date the declaration
Sign at Applicant Signature and enter the Date as MM/DD/YYYY. By signing you certify that the statements are true and correct to the best of your knowledge.
Review and download the completed PDF
Check every line, then download or print the completed PDF from FillingPDF and take it with your Part B documents to submit in person as described under How to submit.
How to submit L_006_F
The form has one channel: in person. It is headed "DO NOT MAIL THIS APPLICATION" and states that it must be submitted in person. L&I's page for real estate and property business license materials repeats that business license applications should not be mailed to L&I.
- What to bring: the signed application and the items listed in Part B: proof of active insurance with the minimum insurance amount, evidence that you are current on all City of Philadelphia taxes, and a Criminal History Record Search by the Pennsylvania State Police. L&I also publishes a supplemental information form for identifying corporations.
- Where: the form does not print an office address, hours or appointment rules. Check the L&I page for the current location and any fee, which the form does not state.
Keep in mind the 72-hour written notice to L&I for any later change to the information you submitted. FillingPDF lets you fill out and download the PDF; submission follows the in-person channel described above.
Common mistakes to avoid
- Mailing the application to L&I; the form is headed "DO NOT MAIL THIS APPLICATION" and must be submitted in person.
- Using this form for a renewal or another license type; it is for a NEW Residential Property Wholesaler License.
- Leaving out Pennsylvania corporations, including LLCs, in which you hold an equity interest directly or through a parent-subsidiary structure.
- Answering Yes in Part B without having the insurance proof, tax status and Pennsylvania State Police criminal history search ready.
- Applying less than six years after pleading "no defense" to fraud, deceit or Public Office and Employee Ethics Law offenses.
- Not notifying L&I in writing within 72 hours of a change to the information submitted with the application.
- Submitting the form unsigned or without the date in the declaration.
- Soliciting a homeowner before being licensed, which lets the homeowner rescind an agreement of sale before title transfers.
Frequently asked questions
What is the Residential Property Wholesaler License application?
It is the City of Philadelphia Department of Licenses and Inspections (L&I) form for a new Residential Property Wholesaler License. It applies to anyone in the business of purchasing, soliciting to purchase or substantially improving residential property in the City for resale.
Can I mail the Philadelphia wholesaler license application?
No. The form is headed "DO NOT MAIL THIS APPLICATION" and says it must be submitted in person. L&I's page for property business license materials also says not to mail business license applications to L&I.
What do I need to submit with the wholesaler license application?
Part B lists proof of active insurance with the minimum insurance amount, proof that you are current on all City of Philadelphia taxes, and a Criminal History Record Search by the Pennsylvania State Police. L&I also publishes a supplemental form for identifying corporations.
Can I apply if I pled no defense to a fraud-related crime?
Not right away. The form says that if you pled "no defense" to crimes related to fraud or deceit, or to violations of the Public Office and Employee Ethics Law, you must wait at least six years before applying.
Do I have to report changes after I apply?
Yes. An applicant or licensed wholesaler must notify L&I in writing within seventy-two (72) hours of any change in the information contained in or submitted with the application.
What disclosure must a wholesaler give homeowners?
A wholesaler must give the homeowner a Disclosure at least three (3) days before presenting an offer to purchase, and must have the homeowner sign it. It covers how to assess fair value, hiring a real estate agent and seeking legal counsel.
Can I fill out the wholesaler license application online?
You can fill out the PDF online on FillingPDF and download or print it. FillingPDF is independent of L&I and does not file the application; you submit it in person through L&I's channel.
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