miko

I'm looking at taking the online classes and getting a Real Estate License. Mostly so i have the knowledge when i'm ready to start buying rental property. But i figured an added benefit would be that I would be able to act as my own agent and keep the agent fee for myself.
But i was reading some of the fine print and (in TX anyway) the real estate agent doesn't actually get to act on their own. They have to work for a Broker for a couple years. So the Broker holds the agent's license. Is this for real? Any way around this for my purposes? Like I wonder if there are Brokers around that are willing to work with people like me who will do this kind of thing on the side?
Any help or insight would be appreciated. I'm just starting to look into this more seriously now and will most likely take the classes anyway for the knowledge.

la petite moi

Yep, it's for real. There was a guy that is in Real Estate that came into my Econ class to talk, and he said that you have to get a certain number of hours and training with another agent person (a broker, like you said, I think) before you can move up the ladder.

Cynthetiq

It's so that one doesn't just get the license for the sole reason of brokering their own house and foregoing the commissions.

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Kazic

Interesting. I got mine and have been doing deals but I know others that were in my class and were not planning on becoming an agent they are doing it for the sole reason of doing there own deals.
But in canada it would only benifit those selling privatley aswell. Didn't realize it was that different in the US.

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choskins

I am an attorney who went on to get his broker license. Many people take the class for their own education, ie buying houses, etc. In most states though, you are correct that an agent must work under a broker. In SC, all agents must either be a broker or work for one, no matter how much experience they have. To be a broker, you must either have three years experience or have practiced law first. The reasoning is public safety. We don't want a bunch of newbie brokers running around selling people's houses, do we? LOL!

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yournamehere

Anyone can sell their own house - you don't have to be an agent or a broker to avoid the commision.

You'd better know what the hell you're doing, though.

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