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12-05-2009, 12:40 AM #1
Renter
- Join Date
- Dec 2009
- Posts
- 3
Real Estate Investor
I plan to purchase some residential properties (condos, and houses) to hold, and some to flip.
Are there any disadvantages to getting my real estate license? (I would just need to take the test to pass, I have already studied). I would like access to the MLS, and I'd like to save my half of the commissions to buy and sell listed property.
But I have read this:
"(...as a broker...) You are held to a different set of standards than a regular investor. Lots of steps you have to take to get involved in deals, such as disclosing that you are licensed. Stick with investing unless you want to broker."
Can someone expound on this statement? Do you agree?
What does "different set of standards" mean. I am not going to cheat anyone, so why should I be concerned by a different "standard"?
What are the "lots of steps" you have to take?
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12-06-2009, 10:24 AM #2
Renter
- Join Date
- Dec 2009
- Posts
- 3
Real Estate Investor - Bump
Does anyone have any insight about my question? Isn't anyone on this forum primarily an investor who has grappled with this questions?
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