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Updated over 5 years ago on . Most recent reply

User Stats

38
Posts
24
Votes
Steve A.
  • Specialist
  • Triad, NC
24
Votes |
38
Posts

Investor to Broker-in-Charge/Sole Propietor

Steve A.
  • Specialist
  • Triad, NC
Posted

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.

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