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Updated about 10 years ago on . Most recent reply

User Stats

51
Posts
26
Votes
Mike L.
  • Commercial Real Estate Broker
  • Tustin, CA
26
Votes |
51
Posts

What would you do with a CA broker's license?

Mike L.
  • Commercial Real Estate Broker
  • Tustin, CA
Posted

I recently passed my CA broker exam without ever having been an agent. (I applied for the exam before they changed the rules that require you to have agent experience). I worked for an investor/broker as a broker's assistant for a few years so I am aware that I can now get my own MLS access and Supra Key without having to work under someone else.

I'd also like to explore all possible other options that I can do with the license.  

  1. 1. My previous boss just used his license to sell his own flips.  He didn't buy or sell houses on anyone's behalf. I could do the same, just use the license for my own investment deals
  2. 2. I could work for a brokerage and buy/sell homes for others and earn commissions
  3. 3. I'm interested in commercial RE but know nothing very little - perhaps I could go into that field.

For items #2 and #3, does everyone just start at the bottom and work their way up, or are there ways for someone with outside business experience to come in sort of mid-career?

For what you do, would having a broker's license make your life easier?  If so, how?  What would you do differently if you had a license?

Most Popular Reply

User Stats

51
Posts
26
Votes
Mike L.
  • Commercial Real Estate Broker
  • Tustin, CA
26
Votes |
51
Posts
Mike L.
  • Commercial Real Estate Broker
  • Tustin, CA
Replied

@Karen Margrave Thanks for the reply.  I have an engineering background so I am more grounded in logic and numbers, rather than emotion and feelings.  That is one of the reasons why I may be a better fit for commercial.  I'm in my exploration phase and I'm talking to professionals on both sides.  

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