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Updated about 14 years ago,
Not-very-active Real Estate Broker
Hi everyone,
I often read on this site, but this is my first post. I'm a beginner real estate investor (working on my second deal), and I'm considering becoming a part-time real estate broker for a few reasons. I've read several articles debating whether real estate investors should get their RE license/broker's license, but there's one thing that I haven't seen discussed that I'm curious about.
Can a real estate broker just hire agents and collect half of the commissions while the agents do all the work? The real estate broker acts as a manager and not a salesperson. Is this done in practice?
Thank you for reading and I look forward to many comments.