Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 2 months ago, 11/08/2024

User Stats

2
Posts
5
Votes
Connor Chatlos
Pro Member
  • Chicago, IL
5
Votes |
2
Posts

Questions regarding real estate licensing

Connor Chatlos
Pro Member
  • Chicago, IL
Posted

Hi all,

I am looking to become a new investor in the city of Chicago, as I just moved here! A partner and I are looking to get into house-hacking mid-late next year and are starting the process early. I just have a quick couple of questions regarding my real estate license and was hoping someone could help me out!

1. I have my license in the state of Colorado, and am planning on getting my license in Illinois since its reciprocal.

2. I plan on holding my license under my employer, since they are a managing broker

- Will my managing broker see deals that I complete if my license is held under them? 

3. My new managing broker does not have a transaction coordination team, and with all of the deals I completed in Colorado, I never once had to run through the deal process after signing on a house to get my client to close. Is this process pretty self explanatory if I just follow the correct steps? Does BP have any tools that could help me to make sure that I am staying on top of everything prior to the closing table? (ex title transactions, inspections, earnest money, etc). 

4. I would love to meet to discuss with some BP members either in the Chicago or Denver markets! If anyone has any agent connections that I could get in touch with to discuss best practices, that would be super helpful!

Open to all suggestions - thanks all!

  • Connor Chatlos
  • [email protected]
  • 513-255-1111
  • Loading replies...