Bankrupt and being a real estate agent?

[griffey2430jr]

Hi everyone!! Can you be a real estate agent if you are in bankruptcy and if you are already an agent will you lose your liscense if you go bankrupt?

[Mike Taylor]

This will depend on your state's laws, but in general I would say no. I have never seen or heard of anyone losing their license because of BK.

[SellMyDigs.com]

i dont think that is the case in california, if so, there wont be many agents left.

[Nat_Ferguson]

SellMyDigs, that is pretty funny stuff. I know that business has gotten real tough in most markets forcing many agent's into BK. I don't think however that being in BK would cause you to forfiet your license.

[Codythebest]

RE are not BK because the market is tough. They get another job on the side....

[Nat_Ferguson]

Codythebest, you speak on behalf of all licensed agent's? You must be a person of importance, not even the Real Estate commissioner can make that claim.

[vanclark]

I know many agents in michigan who have gone bankrupt yet are still "Attempting" to be agents.

Bankruptcy and being a realtor don't fit like a hand in glove or maybe they do. LOL

[6hundy]

depends on the state