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Updated over 5 years ago,
Trading REA work for Investor Mentorship/ work?
Good Morning Everyone! I hope everyone is loving the sunshine that has finally made its way here. Unless you live in the southern states, then I hope you are still enjoying it!
I've recently received my Real Estate License, and I am extremely excited to get to work both as an REA, and in the world of REI. However, being new to both sides of the game, I would love the opportunity to work with an Investor Mentor.
My question is, what can I offer with my Real Estate License to an Investor that would make it a sweet deal for them, and me?
I understand that as a Buyer, you are typically getting a Real Estate Agent for free considering the agent's fees are usually coming from the selling side. So offering an investor "Free" Real Estate services wouldn't really make a difference. But what can I offer an Investor in this scenario that would make it worth it, both for me to buy/sell his properties, and for me to have the opportunity to learn from him?
Just to confirm, it is illegal for me to split my portion of my Real Estate earnings with an investor correct? I don't see why it wouldn't be considering sharing any fee with someone unlicensed is always illegal. Is there a legal loophole to this that I don't know about though? I wish it wasn't... then it would be a win for my Principal Broker, a win for me, and a win for the investor. We would all get paid, and I would get paid and experience. What if we entered into a legal partnership as general partners?
I would obviously confirm any action I wanted to take with both my Principal Broker AND an Attorney before following through.
Regards,
Shane Short