- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Anyone here have a real estate license?
Posted on 8/2/13 at 7:03 pm
Posted on 8/2/13 at 7:03 pm
I'm looking at getting one in florida bc I want to purchase a nice condo in the next few months and I have a friend there that wants to sell his condo for alot and buy another condo for even more and I know if I had my license I could save on my transaction and then make ALOT on his transaction and I talked to him just now and he said he didn't mind bc his condo would basically sell itself since it's oceanfront in a new building.
So from googling around, the course doesn't seem difficult, but how long is the total process? Also can I get my license and just represent him in his transaction or do I have to work for a re-max type broker? If I had to do that it would throw a wrench in my whole plan.
Basically can you get a real estate license for personal use and handling a friends transactions or is that not possible.
So from googling around, the course doesn't seem difficult, but how long is the total process? Also can I get my license and just represent him in his transaction or do I have to work for a re-max type broker? If I had to do that it would throw a wrench in my whole plan.
Basically can you get a real estate license for personal use and handling a friends transactions or is that not possible.
This post was edited on 8/2/13 at 7:06 pm
4
Posted on 8/2/13 at 7:16 pm to ThaBigFella
Technically you can get it for your personal use. However, you won't have access to the systems to see all the open prices and contracts that might be submitted for a property. Basically you will just be choosing to write your own contracts and deal with way less information than you could be given if you choose to work on your own.
Posted on 8/2/13 at 8:14 pm to ThaBigFella
Every state is different, I'd ask the Florida Association of Realtors in the area looking to do transactions. The test here was 90 hour course, and I could have passed it without lesson one.
Posted on 8/2/13 at 8:30 pm to ThaBigFella
I have a FL license.
63-hour course + passing state exam is required to become a sales associate. Also, you have to work for a broker. (Becoming a broker is a separate process and requires you to maintain a physical office, have E&O insurance, etc.)
As a member of the FL bar, I was exempted from taking the course. So I studied for 10 minutes and took the test.
Most brokerages in my area require you to join the national and local Realtor associations. That will run you about $800/year. I believe the RE courses are about $500 or so. Plus you have to get fingerprinted ($70) and pay to take the licensing test ($30).
It's a lot to go through if you only plan on doing 1 or 2 transactions. May or may not be worth it to you.
Where are the condos? I'm in Miami and might be able to help ya'll if they're down here....
63-hour course + passing state exam is required to become a sales associate. Also, you have to work for a broker. (Becoming a broker is a separate process and requires you to maintain a physical office, have E&O insurance, etc.)
As a member of the FL bar, I was exempted from taking the course. So I studied for 10 minutes and took the test.
Most brokerages in my area require you to join the national and local Realtor associations. That will run you about $800/year. I believe the RE courses are about $500 or so. Plus you have to get fingerprinted ($70) and pay to take the licensing test ($30).
It's a lot to go through if you only plan on doing 1 or 2 transactions. May or may not be worth it to you.
Where are the condos? I'm in Miami and might be able to help ya'll if they're down here....
Posted on 8/2/13 at 8:34 pm to ThaBigFella
quote:
Basically can you get a real estate license for personal use and handling a friends transactions or is that not possible.
I guess you could. Go work for a flat-fee broker that will only charge you about $400/transaction. That's about the lowest I've seen here.
Otherwise, you are looking at the broker taking a % of your deals -- anywhere from 10-25% is typical.
Page 1 of 1
Back to top
Follow TigerDroppings for LSU Football News