Bankrupt and being a real estate agent?

**griffey2430jr** · 08-20-2008, 11:48 PM

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** · 08-21-2008, 03:58 AM

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** · 08-22-2008, 08:05 AM

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

**Nat_Ferguson** · 08-25-2008, 02:06 PM

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** · 08-25-2008, 07:52 PM

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

**Nat_Ferguson** · 08-26-2008, 05:32 PM

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** · 09-11-2008, 01:28 PM

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** · 09-11-2008, 03:46 PM

depends on the state

**DreamSmasher** · 05-13-2009, 12:53 PM

This thread was a great way to break up my day! The humor is great. Keep it up some of you may have a new calling...haha

**RedCarpetSchool** · 05-13-2009, 01:24 PM

I believe that it is only Mortgage in soem states and SEC licensed stuff where that would be an issue. Will not keep you from your RE License in Washington State.