Quote:
Originally posted by DDDDave
What I just said.....
"Now is about the time that you get yourself a really good real estate attorney. He will save you more than he costs. If he doesn't, get a better one. Get a good accountant. "
There is no way to 'assure' that you will not be classified as a dealer by the IRS. But an attorney and an accountant can give the best most current advice.
Don't trust anything you read. The laws and rules change all the time and it won't do you any good when something screws up.
I would also suggest taking the RE Broker class as soon as you can after the Salesperson class. That is where you will really learn something about the business. It is the next level and will definitely seperate you from 'hobbyists'.
Want to really know the residential business? Take a few appraisal classes.
Good Luck
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That's where I'm heading with this. Broker is at the top of the list. I need to get my LRES first, though.
Appraisal class, huh? I thought about it but it's the easiest one to get so I figured the LRES and Broker coarses would cover the material. I'll add that to my list.
Thanks for your take on all of this. It's good to hear other opinions for sure!