Skip to content
×
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
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Real Estate Agent
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 almost 10 years ago on . Most recent reply

User Stats

40
Posts
18
Votes
KJ D'Costa
  • Investor
  • Atlanta, GA
18
Votes |
40
Posts

Getting Licensed for Rehabs

KJ D'Costa
  • Investor
  • Atlanta, GA
Posted

I'm contemplating getting my R.E. license to make my rehab deals more profitable. But I'm unclear on the broker/realtor structure. If I get licensed as a realtor, I have to sign up with a broker in the area, correct? And if I decide to purchase a home with the intent to rehab, in theory, I can keep 3% of the sales price, both when I acquire (if listed on the MLS) and when I sell, correct? But a percentage of the commission goes to the broker? If so, what's the customary split.

And if I acquire a deal off-market, how does my license affect the sale?

Lastly, because I don't intend to become a realtor as a profession, do I have to sign up with a broker or does the law state otherwise. I'm Texas, if that makes a difference.

Thanks for any clarification?

Loading replies...