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#258746 - 11/08/08 11:37 AM Broker Sponsorship To Get License
Dmitri Offline
Junior Member

Registered: 11/08/08
Posts: 2
Loc: Michigan
I'm a little confused about real estate licensing.

I'm in college and want to get my real estate license. After taking the exam can i get a brokers sponsorship and get my physical license without actually practicing as an agent?

Thanks!

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#258758 - 11/08/08 12:46 PM Re: Broker Sponsorship To Get License [Re: Dmitri]
Vermont Offline
Veteran Member

Registered: 04/12/08
Posts: 1056
Loc: Glover, Vermont
Possibly; but WHY would a Broker want to take on the responsibility for You, if you're NOT interested in becoming a producing Agent ? Typically, that's what a License is for.
_________________________
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"

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#258760 - 11/08/08 01:00 PM Re: Broker Sponsorship To Get License [Re: Vermont]
Dmitri Offline
Junior Member

Registered: 11/08/08
Posts: 2
Loc: Michigan
I guess that makes sense. Is there a time limit after passing the exam in which you need to find a broker?

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#258763 - 11/08/08 01:18 PM Re: Broker Sponsorship To Get License [Re: Dmitri]
Vermont Offline
Veteran Member

Registered: 04/12/08
Posts: 1056
Loc: Glover, Vermont
Varies by State or Commonwealth. Check with the Michigan Real Estate Commission.
_________________________
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"

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#258764 - 11/08/08 01:44 PM Re: Broker Sponsorship To Get License [Re: Vermont]
REODayton Global Moderator Offline
Major Contributor

Registered: 07/27/06
Posts: 1697
Loc: Dayton Ohio
In my state we can't take the test without a broker sponsership. Agents then never recieve the license either. It is sent to the broker.

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#258800 - 11/08/08 06:44 PM Re: Broker Sponsorship To Get License [Re: Dmitri]
Vermont Offline
Veteran Member

Registered: 04/12/08
Posts: 1056
Loc: Glover, Vermont
Originally Posted By: Dmitri
Is there a time limit after passing the exam in which you need to find a broker?

I just checked our (Vermont's) Real Estate Regulations, and discovered that the State and National Real Estate Examinations MUST have been passed within the 2 Years immediately preceding your Application for a License. This is because the Statutes, Laws, Rules and Regulations that pertain to Real Estate are always changing, and the Exams for each State are modified to reflect those Changes.

This is also true for Vermont Brokers, who must have passed their Exams within the 2 years immediately prior to making application for a Broker's License.

In Vermont, many Licensees of both Categories used to Renew their Licenses when Market Conditions were good, and allow them to lapse when there was a downturn. Last year, Vermont tightened this up so that if someone ever allows their License to lapse for more than 5 Years, then they must start all over, right from the beginning just like a Rookie Aspiring SalesPerson, including all mandatory Classroom Education and all Examinations.

Please recognize that the times above apply ONLY to Vermont. You should be able to log onto the Michigan Real Estate Commission WebSite and get the corresponding times (if any) that apply there; or some kind hearted soul from Michigan who is reading this may know and post it here.

Vermont is usually typical; but sometimes they try to be the "Little tail that wags the Dog", so we sometimes have Rules that others haven't had time to think up yet . . . . so I am told.
_________________________
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"

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