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Updated over 11 years ago,

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16
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0
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John Princinsky
  • Lender
  • Saginaw, MI
0
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16
Posts

Brokers want a % of my personal investments

John Princinsky
  • Lender
  • Saginaw, MI
Posted

So I am considering getting my RE license in Michigan, but all of the brokers keep telling me I would have to go through them (and pay them their split) on personal investments/ purchases if I have my license. (With small exceptions: 1 property/ year, ect..)

Does anyone know if this is accurate? I feel like it just sounds like a way for the broker to ensure they get a cut- if I'm representing myself, why should I have to use a brokerage? I can't seem to find any law that states the need to, yet the brokers all seem to insist that I would need to go through them for my own investments.

What am I missing here?

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