Real Estate License?
I'm getting into the foreclosure market and expect to make several purchases in 2005. I'm aware of the benefits of having a license to save on commissions and being tapped into the local market, but are there any disadvantages that I should be aware of? Thanks, Mark
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You have to disclose to any buyers that you are a licensed agent, and you are regulated by the licensing board. Something to think about. Investigate what the laws as far as real estate licenses are concerned for your state.
You will find that this has been posted a number of times on TCI, using the forum search tool can provide you a wealth of information, just another value tool of paid membership.
See post on realtor license at:
http://www.thecreativeinvestor.com/modules.php?op=modload&name=Forum&file=viewtopic&topic=39436&forum=18
http://www.thecreativeinvestor.com/modules.php?op=modload&name=Forum&file=viewtopic&topic=39445&forum=33
http://www.thecreativeinvestor.com/modules.php?op=modload&name=Forum&file=viewtopic&topic=38520&forum=18
http://www.thecreativeinvestor.com/modules.php?op=modload&name=Forum&file=viewtopic&topic=38383&forum=19
TCI has over 500 postings on this issue above are just a few.
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Awesome info. Thanks for the guidance.