Agents Online Real Estate Forums, Discussion, Realtors Marketing Tips

Follow AgentsOnline on Twitter

Click Here to display our logo on your site and link to us!
AgentsOnline Real Estate Discussion Forums Logo

Good Ideas
Nusetlock.com




REO Prep Foreclosure Listings




BPO REO Secret System




How To Advertise Here

More Good Ideas!
real estate newsletters


Real Estate Websites for Realtors




Build your brand on a Real Estate Site





Facebook
Topic Options
Rate This Topic
#117002 - 06/11/06 04:09 PM Active Investor with an RE license - any problems?
Luke Offline
Junior Member

Registered: 06/11/06
Posts: 3
Loc: NY
I'm an active investor and am considering getting my RE License. I would use this primarily for MLS access and listing and selling my properties.
I can see the pros but not being on the side it's tough to see any cons that may exist.
Are there any legal ramifications or other regulations that would inhibit my investing?
Thanks,
Luke
_________________________
"Why be a man of success when you can become a man of value?"

~Albert Einstien

Top
#117003 - 06/14/06 10:48 PM Re: Active Investor with an RE license - any problems?
OnHolidayRE Offline
Member

Registered: 05/31/06
Posts: 230
Loc: Pasco county, Florida
In FL, we have to disclose that we have a RE license in our listings, but nothing else I can think of that would hinder buying/selling property for profit. Just standard legal requirements.

Top
#117004 - 06/18/06 07:47 AM Re: Active Investor with an RE license - any problems?
deepsea Offline
Veteran Member

Registered: 06/14/06
Posts: 607
Loc: Atlanta GA
The conflict arises when you acquire the properties, you have to make sure that you disclose that you are an agent and that you may sell for profit. People have argued in the past that the since the agent normally represents the Seller, the Seller may think that you would tell them if you could sell it to someone else for more money. You have to make it crystal clear that you represent yourself only.

What you can't do is the traditional farming for listings and buy any house that a seller is willing to sell below market unless they sign something that makes it clear that they are selling below the market price.

Top






Google Custom Forum Search

This Google Custom search may do a better job of searching the forums for some keywords than the old forum search does. The results do not include threads from the Asset Managers Forum however. To search that forum you will need to be actually in the Asset Managers Forum and you will need to use the old forum search below.
Search

Good Ideas!
real estate newsletters




How To Advertise Here

Sponsors

Newest Members
RentalAccounting, Elysian, jazz albart, tiwari, Stuy Fund LLC
21422 Registered Users
Who's Online
13 registered (Kjmendy, Brad, JackREO, Mark Brian, kevinsmith888, 4 invisible), 166 Guests and 0 Spiders online.
Key: Admin, Global Mod, Mod
Shout Box

Top Posters (30 Days)
Vermont 82
Brit16 51
shurdul 45
johnnyloans 44
DueDiligence 43
KingofBPOs 43
Bigtoe 37
Kjmendy 35
Averis 32
super realtor 29
RIzwan 28
REODayton 26
Scintillion 25
75Corvette 24
PA Roadkill 24
(Views)Popular Topics
No new orders today 4728493
I MAKE 100 COLD CALLS EVERY DAY & LOVE IT! 2681640
Stupid MLS comments. 955062
EML 458010
Evalonline 299685
What do you know about Froy Candelario, top agent in USA 289400
Land America 285006
New HUD Listing Brokers---Any Update? 267340
Mainstreet 261767
Pay it Forward - BPO/REO Tips & Tricks I & II 238557
Stupid QC comments and BPO requirements. 228390
Is there religious content in Buffini class? 224575
FARVV 177251
REOTRANS 160387
USRES / RES.NET 147655
Let's talk about our cars 146370
asset val seminar in colorado 143731
AVM Bpos 139639
FARVV 126764
PAS 118332
Featured Member
Registered: 12/15/04
Posts: 2743

How To Advertise Here


This site presented by RNC Internet Services