CREATIVE REAL ESTATE INVESTORS WHO ARE ALSO PRATICING LICENSED REAL ESTATE AGENTS
i am concerned about how getting my real estate license will affect me with my creative real estate investing business i have heard it does affect but have not spoken directly with creative real estate investors who are also praticing real estate agents who are also successful real estate agents
what has been your experience as a licensed real estate agent who is also a creative real estate investor
what i am trying to establish how much will this affect me in closing deals if go out and get licensed as a real estate agent
will it affect me alot, very little what would u say are the percentages of deals being lost
ex: 10-20-50 percent of deals being lost as a result of being a licensed real estate agent has anyone tabulated these statistics please let me know before
once one is licensed as a real estate agent can one go back and cancel their license if one chooses to
FEEL FREE TO CALL ME AT 917-687-8995 FROM 3PM-11PM
I WOULD LIKE TO SET UP AN APPT WITH YOU TO SPEAK TO PERSONALLY BEFORE I MAKE A DECISION ON GETTING LICENSED AS A REAL ESTATE AGENT OR WORKING FOR MORTGAGE BROKER INSTEAD
NEED HELP ASAP AS I AM READY TO MAKE A MOVE AND A LITTLE NERVOUS BEING THAT I AM NOT A SPRING CHICKEN ANY MORE AND CANNOT AFFORD TO MAKE TO MANY MORE MISTAKES SINCE THE AGE TIME CLOCK IS TICKING FOR ME ....HA...HA..FUNNY I KNOW BUT NONE THE LESS SERIOUS AS A HEART ATTACK ON THIS ISSUE MAYBE YOU CAN IDENTIFY IF YOU ARE UP THERE IN AGE
I have to same predictiment as you. I have my license and am being to think i didn't need it. I'm new to this and haven't made a deal on a real estate transaction or invest meyet but I plan on doing it soon. I need some advice of that as much as anyone in here. The only advantage right now that I notice as a realtor/investor that I can get online and find deals faster and don't have to pay a realtor.
If your a married person or couple i think the advantage goes in your favor because if ever there is a conflict of interest the non licensed person in the relationship can act as the primary person in the deal. You'll have great access first hand to what going on in the market, but just make sure your active the monthly can add up if your not actively making any money.
So if your going to get your license make it work for you. But ultimately 2 heads are better than one.
In California it makes a difference.
In all ads, you must note that you are an agent.
In all dealings it is assumed that you know all aspects of the law and that if the other guy came out 2nd best it is because you took advantage of his lack of knowledge.
In a way all of this may be good - because it pushes you toward doing deals that are legal, moral, reputable - etc.
Creative means various things to various people. To some it means thinking outside of the box. To others it means working outside of prescribed laws and rules, etc. So it depends on what you mean when you say "creative".
I'm a PA real estate broker. In PA, whenever real estate licensees are principals in real estate transactions, they must disclose that fact in the contract, advertising, whatever.
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I suggest that you look a little closer to home for advice.
Since ALL agents work under a Broker, what you really need to do is talk to some local brokers who appear to be doing well, and pose this qustion to them....and be shopping for that broker with whom you think you could work well and make money.
Different brokers have different wants, ideas & attitudes about what/how their agents negotiate for and deal with their own RE, so you need to talk to some until you find the absolute best connection for YOU.
A broker who'd please me might be the worst one for you or the other guy and vice versa.
And understand: Many very succesful brokers buy & sell & own lots of RE for themselves, so they certainly find their own licenses to be an asset.
I've been a REI for lots of years, and broker for just a few now, but the connections I've made in the licensed RE world bring lots of RE into my vision.
1. I am a broker LIc in Florida
2. I am a very active R.E. Investor
I get more deals with a lic than I would with out.
Many think that having the license is a negative because the law requires that we must disclose that we are agents when dealing with the public, even with our own property. Generally this is not a problem for me.
Some say they do not like it because they must use FULL DISCLOSURE. I say everyone should fully disclose - so this is not really an issue.
It really depends on how you are going to do business - if you are afraid to let someone know you are an expert in your business - you may have a problem with it.
In my investing, I have found that people appreciate honesty and reward it. They also like dealing with a pro.
As for "hanging up" your lic. Sure - you can go "inactive" anythime you choose.
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