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Updated over 5 years ago on . Most recent reply

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7
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5
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Jane Lee
  • Minneapolis, MN
5
Votes |
7
Posts

Obtain a limited broker or real estate license?

Jane Lee
  • Minneapolis, MN
Posted

Has anyone debated obtaining a 'limited brokers license' over a traditional real estate license? I'm trying to determine which makes most sense for self-investment property. To my understanding it provides a more direct relationship with your broker without needing to rely on an agent to see property.

Referencing the mn.gov real estate license guide

Minneapolis, Minnesota

Most Popular Reply

User Stats

252
Posts
263
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Dan Bryskin
  • Investor
  • Minneapolis, MN
263
Votes |
252
Posts
Dan Bryskin
  • Investor
  • Minneapolis, MN
Replied

@Jay Hinrichs Limited broker license in MN allows you to do anything RE Broker can do, but with limited license one can't represent clients. You can only by / sell for your self or partnerships / companies  you have 50% interest. It also has no educational requirements - one does not need to pass tests or have continuous education. That's what I got. @Jane Lee, If this is a route you will choose call Minneapolis realtor association first, state guide is not entirely correct. Good luck

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