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Updated over 2 years ago,
Question regarding experience required for Broker’s License
I know we need 2 years of experience after getting a real estate license to sit for the broker’s license exam. Do we have to be actively working as a real estate agent under a broker during that time? Or is it sufficient to just have the license for the required number of years and maintain the necessary continuing education?
I'm currently studying to get my real estate license. I have a rental property and want to acquire more, and the thought of having a real estate license and access to the MLS appeals to me (as well as possibly saving on the commission although I know I will incur more liability). I cannot work as a real estate sales agent as i have a full time career that i cannot sacrifice, but I'm also interested in eventually getting a brokers license to perhaps start a management company with my spouse in an attempt to get her qualified as a real estate professional for tax purposes. We currently don't have enough property to occupy her for the necessary 500 hrs of material participation (and will likely take some time to acquire that amount of property). Thanks in advance for any advice!