Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 9 years ago on . Most recent reply

User Stats

81
Posts
14
Votes
Reese Thompson
  • Investor
  • New Waterford, OH
14
Votes |
81
Posts

Getting Agent/Broker License for Investing

Reese Thompson
  • Investor
  • New Waterford, OH
Posted

I've read and heard in podcasts several times about people getting their RE licenses for the intent of investing.  While I understand it is not necessary, I can see the potential benefit.  At least in Ohio, what I've read is that you need to be sponsored as an agent by a broker for 2 years before you can go on your own. 

I'm wondering how people have gone about doing this in the past?  Are these brokers people with their own established practice or other investors?  Why would they even be willing to help you out?  Are they receiving a commission split on your deals by being your sponsoring broker?

Also, what's different between the agent and broker that allows brokers to go it alone?  I'm guessing becoming a broker is what most investors are ultimately striving for?

Thanks!

Most Popular Reply

User Stats

1,750
Posts
879
Votes
Matt Motil
  • Rental Property Investor
  • Cleveland, OH
879
Votes |
1,750
Posts
Matt Motil
  • Rental Property Investor
  • Cleveland, OH
Replied

I'll let @James Wise weigh in here. 

Ultimately, you can't get your license in Ohio without having a broker sponsor you. Why? Cause you don't know what you're doing and they are there to help. You need experience in the field before you can consider going out on your own, that's why the 2 year time limit and number of transactions before the board will approve your application. 

Loading replies...