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Updated over 7 years ago on . Most recent reply

User Stats

78
Posts
11
Votes
Joshua Dees
  • Wylie, TX
11
Votes |
78
Posts

Investor-Friendly Brokerage Firm to "hang my license"

Joshua Dees
  • Wylie, TX
Posted
Hey guys, I'm looking for an Investor-Friendly Brokerage Firm, with reasonable Dues and Fees that I can join once I get my Real Estate License, preferably in the Collin County Area of Dallas, as I am in Wylie. I am getting the license so that I can have it. I am a firm believer that you should not practice any form of Real Estate or Construction, or ANY SPECIFIC Service that can be BOUGHT, without having a LICENSE in that service. Just helps, I'm not interested in the "You're wasting your time blerr Bee Blah blah blah" Everyone has their opinions on the topic. I'm getting mine. Just looking for a Firm to hang the license, and a board of Realtors to pay dues to, so I can get my MLS login info, and start searching. Anything helps THANK YOU

Most Popular Reply

User Stats

361
Posts
297
Votes
Phil G.
  • Real Estate Broker
  • Massachusetts
297
Votes |
361
Posts
Phil G.
  • Real Estate Broker
  • Massachusetts
Replied

Ask a lot of questions regarding the house rules for transacting your own business. Due to the E&O policy that a brokerage carries, there are often restrictions on how you can represent yourself. Buying is generally OK. Selling can have restrictions in order for the E&O policy to cover the transaction -- that you were not involved in construction/renovation of the property; that the buyer acknowledges in writing that a home warranty policy was purchased or waived, etc. Plus brokers sometimes have their own restrictions. I, as a broker, don't allow anyone who hangs a license with me to participate in any type of wholesaling activity.

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