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Updated over 5 years ago on . Most recent reply
Investor to Broker-in-Charge/Sole Propietor
Hello-
I have been a RE investor for 22 years, creative investing about 13 years. I am now getting licensed. My goal is to be a broker-in-charge/sole proprietor of my current LLC. I need to complete 2 years working under a broker-in-charge before I can reach my goal.
I have a RE brokerage firm that is open to what I do as an investor; however, my LLC is a full time business and I know I will need to change somethings I do, like marketing. I can see somethings potentialy merging together as an investor & broker. For example, a deal may not fit with my LLC but may work well as a listing with the brokerage firm. Or, I may represent a client in a creative deal.
I guess my question is: How should I be thinking as I go into this firm for the next couple of years? There could be a conflict between being in the deal as an investor, or representing a client in a deal as a broker. Not exactly sure what to expect, but I don't want to convert to only being a broker. Thanks for any replies.