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Updated over 6 years ago on . Most recent reply

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17
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3
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Bryce Spraggins
  • Real Estate Agent
  • Jacksonville, FL
3
Votes |
17
Posts

Being cautioned about getting my real estate license

Bryce Spraggins
  • Real Estate Agent
  • Jacksonville, FL
Posted
Looking for real estate agents/brokers with some insight. I recently met a guy who owns a property management/hard money lending company and he has kind of taken me under his wing. I guess you could say he is mentoring me a bit. I am going to do a dry run walk through with him soon on a property that he is currently working on. He seems like a real smart guy and has already walked the road I want to go down. He is cautioning me about getting my real estate liscense due to potential liability. From what I understand as long as you disclose you're an agent your doing okay. Just wondering if anyone has been sued because they were an "expert" or is there other things real estate investors who happen to be agents can do to mitigate liability?

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5
Posts
4
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Bob Naramore
  • Naples new york
4
Votes |
5
Posts
Bob Naramore
  • Naples new york
Replied

Hi, I'm new to BP, and what a find!!! My wife and I are moving back to Tulsa, OK around the first of the year and will be plunging into the investment business there. We are both considering getting our real estate licenses mostly because neither of us are particularly thrilled with our current jobs, and feel that we might as well be totally immersed in the business on both ends. We will be using the equity from the sale of our current home to buy into our first investment properties, possibly a four or more plex and move into one of the apartments. 

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