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Updated over 2 years ago on . Most recent reply

User Stats

5
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Eric Cunningham
  • New to Real Estate
  • Tacoma, WA
1
Votes |
5
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Real Estate License Question

Eric Cunningham
  • New to Real Estate
  • Tacoma, WA
Posted

If get a RE license in my state, can I legally handle my own sales? I am not a RE investor yet, but I am looking forward a few years where I intend to be better  positioned. Much of the RE classes I am finding locally are all for the state RE Broker license. I welcome the challenge to study, pass the exam and receive state license. I do not intend to change careers but I am looking forward to a few years towards retirement. 

With the state license in hand, am I required to work under a broker, or can I handle my own transactions?

Thanks in advance

Eric

Most Popular Reply

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1,032
Posts
783
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Sergey A. Petrov
  • Real Estate Consultant
  • Seattle, WA
783
Votes |
1,032
Posts
Sergey A. Petrov
  • Real Estate Consultant
  • Seattle, WA
Replied

@Eric Cunningham - you are in WA. Me too. Assuming your license is the broker license vs managing broker license, yes you have to "hang it" under an existing brokerage. In 2 years (with some exceptions) you can upgrade to the managing broker license and open your own brokerage. Whether or not you are "allowed" to do your own deals will depend on the brokerage you end up with and their E&O policy. Send me a DM to connect. I've been looking at expanding. Tacoma is on the list. Happy to meet in person over coffee, lunch, or happy hour

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