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Updated over 6 years ago, 06/04/2018
Can you be a broker without becoming a broker?
So the title may seem a little misleading and I'm sure your first answer will be "absolutely not". But hear me out.
On the side, I've built a little wholesale business and have a handful of buyers that I work well with. It's a fun side hustle as I like to sift through off market deals and build rapport with sellers. I'll often come across a property that makes sense for the retail market, and I always refer that seller to an agent that I know and trust. If I were a broker or an agent then I could have a pretty solid stream of leads being fed from the wholesale business. I do not want to be an agent, though.
This leads me to my question: can I "rent" a broker's license and employ an agent to sell under my rented broker license?
There are a few brokers that I know well who primarily hold a license so they can manage properties (PA law requires you to be an agent under a broker to professionally manage real estate). If I worked a deal with one of these brokers so that I acted under their license (not as an agent) and employed an agent or two for listing properties, then they would of course benefit by getting a portion of revenues. It seems like a win-win.
Do you think there is a way to make this happen?