Real Estate Agent
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 11 years ago,
Brokers want a % of my personal investments
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?