What can I do with an inactive license?

[Nick Leamon]

Hey Guys and Girls,

Looking for an answer to a simple question but i cannot seem to find it anywhere. I live in Texas and have a full time job but invest in real estate on the side. I was contemplating getting my RE license. From what I can find if you don't have a job with a broker then you are considered "inactive". My question is that if I am "inactive" can i still buy and sell property for myself? and have access to MLS? and have the ability to call and schedule house visits on listed properties? or are these things that only "active" agents can do?

I also have read that there are some brokers that have very low desk fees, and that some investors will "hang their hats" with these brokers. does anyone know of any brokers like this in the north Dallas area?

Thanks in advance for all the great feedback,

Nick Leamon

[Cameron Norfleet]

There is some truth to what you’re saying. In order to utilize your real estate sales person license, you must hang your “hat” with a broker. But there are many brokers out there that will accept a part time agent. Just call around to a few of them in your area. Many of them won’t even charge you a desk fee. In exchange for a desk fee you could just negotiate a higher split. Maybe 50/50 or 65/35 (65% of each commission you earn going to your broker).

But to answer your question… if you license is current and all of your dues are paid you don't necessarily have to work with outside clients to keep your license "active". You will have access to the MLS and you'll be able to schedule your own showings. Just stay on top of your annual dues, fees and continuing education.