In my state, after you have completed 45 hours of classroom studies, you would then take the state exam. You will need to have a broker sponsor you so that the state knows who to place your license under.
In my state, if you have your license with a broker who has mls access (which almost everyone does), then you automacitcally have to become a member of the board and are subject to the initiation fee and monthly dues.
This will give you a rough idea, but you will need to call your local board of realtors and they can direct you on your local/state laws.
BAMZ, so before I even bother with the whole process of getting licensed, I need to make sure that a broker is going to sponsore me, correct? I also have to let him/her know that I only want to access MLS and make offers on my behalf. Is the broker going to have a problem with this? I won't be listing homes nor showing homes. What kind of deal do I structure so there is something in it for the broker?
Think about what you are about to do.
I have found that ALOT of people dont like/trust realtors.
Just make a friend who is a realtor.
If you just want your license to get on MLS that would be like becoming a Marine because you like short haircuts.
I dont mean to be negitave but one of the first questions I always hear is " are you a realtor?
Good Luck Jason@notarealtor.com
Hi
I am a real estate agent in Tampa, Florida
and the state of Florida requires 63 hours class time before taking the state exam...I think it would be difficult to find a broker that will only let you work to access the MLS service.. find an agent that you like and trust that will access the MLS for you for a nominal fee should any leads they give you work out being a "deal for u" good luck
[addsig]
Another aspect of this not touched on yet is the legal issue. If you are a licensed agent, there are disclosure laws, and if you dont disclose properly, then you open yourself up to being sued.
If you do decide to get your license, make sure to consult an attorney specializing in Real Estate Law. Cover your ass.
Once you get a real estate license, you will have already learned the disclosures that you will now have to follow, and real estate attorney shouldnt be necessary.
It is a simple thing to get a broker to want you to come on board, if the broker thinks that you are going to be an active RE agent for his company. Because you are not interested in selling as an agent, you will need to find a very small firm and ask them if they will do this for you. Ask a local realtor for an old MLS book, and in the front of the book you will find a list of all of the firms, how many agents are there, and who is the managing broker.
It sounds like you are going through a lot of work to simply gain MLS access. You may call your local Board of Realtors and ask them if you can get set up with them as a Sponsoring Business Partner. In some areas, contractors can do this, appraisers, etc. However, be prepared if they tell you no.
As the post suggested above, you may consider making a few realtors your friend and either using their access (which is against Board of Realtors guidelines), or simply have them run the analysis that you are needed, when you need them.
What state?
Check with the appropriate realtors association for that state.
Here in Wisconsin, its just a test after "x" amount of 'classroom' instruction.
Hi louismontes
In my state, after you have completed 45 hours of classroom studies, you would then take the state exam. You will need to have a broker sponsor you so that the state knows who to place your license under.
In my state, if you have your license with a broker who has mls access (which almost everyone does), then you automacitcally have to become a member of the board and are subject to the initiation fee and monthly dues.
This will give you a rough idea, but you will need to call your local board of realtors and they can direct you on your local/state laws.
Best of Success!
BAMZ
thank you very much for the responses ...
BAMZ, so before I even bother with the whole process of getting licensed, I need to make sure that a broker is going to sponsore me, correct? I also have to let him/her know that I only want to access MLS and make offers on my behalf. Is the broker going to have a problem with this? I won't be listing homes nor showing homes. What kind of deal do I structure so there is something in it for the broker?
I would just get an agent to help you with the MLS access. Upon closing a deal, give agent money that way there is win-win.
Think about what you are about to do.
I have found that ALOT of people dont like/trust realtors.
Just make a friend who is a realtor.
If you just want your license to get on MLS that would be like becoming a Marine because you like short haircuts.
I dont mean to be negitave but one of the first questions I always hear is " are you a realtor?
Good Luck
Jason@notarealtor.com
Hi
I am a real estate agent in Tampa, Florida
and the state of Florida requires 63 hours class time before taking the state exam...I think it would be difficult to find a broker that will only let you work to access the MLS service.. find an agent that you like and trust that will access the MLS for you for a nominal fee should any leads they give you work out being a "deal for u" good luck
[addsig]
Another aspect of this not touched on yet is the legal issue. If you are a licensed agent, there are disclosure laws, and if you dont disclose properly, then you open yourself up to being sued.
If you do decide to get your license, make sure to consult an attorney specializing in Real Estate Law. Cover your ass.
Once you get a real estate license, you will have already learned the disclosures that you will now have to follow, and real estate attorney shouldnt be necessary.
It is a simple thing to get a broker to want you to come on board, if the broker thinks that you are going to be an active RE agent for his company. Because you are not interested in selling as an agent, you will need to find a very small firm and ask them if they will do this for you. Ask a local realtor for an old MLS book, and in the front of the book you will find a list of all of the firms, how many agents are there, and who is the managing broker.
It sounds like you are going through a lot of work to simply gain MLS access. You may call your local Board of Realtors and ask them if you can get set up with them as a Sponsoring Business Partner. In some areas, contractors can do this, appraisers, etc. However, be prepared if they tell you no.
As the post suggested above, you may consider making a few realtors your friend and either using their access (which is against Board of Realtors guidelines), or simply have them run the analysis that you are needed, when you need them.
Best of Success!
BAMZ[ Edited by BAMZ on Date 04/30/2003 ]