Can I Terminate My Real Estate License On My Own?
Or do I have to wait until it expires? How do investors who are licensed handle foreclosures when the sellers legally have to have representation if the buyer is licensed? (In Ca, anyways) Any advice?
The reason I would be interested in no longer being licensed is so that I could get into investing full time without having the liability that comes with being licensed, having to disclose that you are, and when buying from someone in foreclosure - they now have to be represented by an attorney or another realtor who might screw things up.
Setup an LLC and buy properties in the name of the business. That might work, look into that and discuss it with an attorney.
i am licensed and it is not a liability whatsoever for me.
around here if you are acting via and LLC you still need to disclose if one of the principals are licensed.
First, I would put a skip-trace guy on trying to find him.
If unsuccessful, see a good local real estate attorney to petition the court for partition, which means the property could be sold and the proceeds will be divided between the partners.
Hopefully after reimbursing you for the excess tax payments.
Bargain,
Thanks for pointing me in right direction!