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Updated almost 7 years ago on . Most recent reply

Account Closed
  • Investor
  • Port Saint Lucie, FL
10
Votes |
85
Posts

Florid real estate license requirements

Account Closed
  • Investor
  • Port Saint Lucie, FL
Posted

Is it required to actually work as a Realtor to get Florida license? I have a full time job I like but want to get my RE license in Florida. I dont want to quit my job and be a realtor. I want to be an investor and be licensed. I’m searching the requirements on line but want more information. Thanks.

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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied

Most larger markets have brokers that basically cater to what you want to do.. small transaction fee per deal etc.. and you do your own thing.. you still have to have the broker bless the paper work at least in our state.

however it goes without arguing that the way wholesale guru's teach folks that don't know the licensing laws is not legal.

It really is up to each state to enforce the laws on the books and these types of laws are generally enforced by complaints..

However I will say in my Day of Funding deals in Orlando the large wholesalers in that area were by all means licensed..

My state has started to crack down on it as well. they are aware of the issues you talk about the U tubes the guru's etc.. they will follow up on any complaint and if its deemed selling without a license then there will be action taken . which usually includes cease and desist and for first offense modest fine.

But like when I was talking to someone I know in the division enforcement here in Oregon she made the point that most professions in an around building remodeling lending etc all need licenses..  

Oregon even has this developers license that it cost me 5k to learn I needed LOL..

One other thing I thought was interesting.. she also said that transactional deals if they see two deeds in one day IE transactional  they deem those as some sort of scheme as well..

the idea she said is that someone is still selling a property they don't own to get the one buyer in place before it closes she said the fact that they come into title for a few hours just proves the scheme.

So should be interesting going forward to see how these states handle this stuff..

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JLH Capital Partners

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