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Updated over 3 years ago on . Most recent reply

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28
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Jinyu Shao
  • Sunnyside, NY
8
Votes |
28
Posts

NEED ADVICE: getting a real estate license to sell my own home

Jinyu Shao
  • Sunnyside, NY
Posted

Hello! I have a co-op in Manhattan that I want to sell. It's currently being rented out, although not generating much return. I plan to take the real estate agent exam so I can be my own seller's agent and save on commission. (It's at least 6% in NY!) 

I know this might be a weird question to ask in an agent's forum since I choose not to hire one this time around...but I would love to hear advice from your perspective and would really appreciate any input.

I'm currently living and working abroad and go back to visit 1-2 times per year. I'm trying to find out whether this is feasible in this situation.

I'm looking for advice for the following:

1) Can I represent myself to sell my co-op in NYC? (I know it's possible in some states, not sure if it's the same in NYC)

2) Can I do so while residing and working in a different country? (I can fly back for closing or other events that requires my presence)

3) If both of the above are okay, when do I need to be physically present?

4) Once I take the class online and pass the exam, what's next before I can represent myself to sell my property?

Thanks so much for reading. Looking forward to reading your replies!

Most Popular Reply

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17,485
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30,179
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
30,179
Votes |
17,485
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

You dont need a license to sell your own property.

Having a license doesnt mean you know what you are doing.

Its very clear from the questions you are asking, that you should in fact hire a professional.

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