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Updated over 9 years ago,

User Stats

674
Posts
444
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Lee S.
  • Northern, CA
444
Votes |
674
Posts

California Agent/Investor questions

Lee S.
  • Northern, CA
Posted

Looking for help/opinions on any legal issues to being both an investor and agent in California.  I'll be more specific with a little back ground.  I wanted to become an active investor and did some direct mail 4-5 months ago.  As I talked with people and researched I realized that being an Agent would allow me to monetize things more and also allow me to not worry about any "brokering without a license" issues.  

I Was finally able to take test this week and passed, the bar was lower than I even expected.  Why they make a process that could be finished in a week stretch out to 4 months I have no idea, if you can do it faster it should be allowed.

Anyways, I've had an agreement with a local broker to hang my license there for a couple months.  The broker has no problem with me being an investor focused agent, we both just want to make sure I have my paperwork straight.

I'm hoping other investor/agents can chime in and let me know if there are any issues I need to handle?  We have a call into CAR right now, not sure if the broker was able to get answers yet.  The list:

Can i use standard real estate contract as an investor?

what type of disclosure do I need on my own business website, marketing materials, business cards?

There were a couple others but i'm drawing a blank right now, feel free to add to my list.  I also need a good RE attorney that can help me with contracts/legal issues for doing terms deals (owner finance, lease option, jv etc).  I'm in a small town and we don't have anyone that specializes but also not sure I can effectively work with an attorney at a distance? 

Anxious to get going but these issues are going to delay me until I can get answers. 

Thanks.

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