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Updated over 7 years ago,
A good idea to sell your own property as an agent in California?
Hey BP,
So, I'm planning on selling my live and flip within the next year (assuming no major market correction).
I've completed the necessary course work to become a real estate agent in California, but haven't taken the State exam. My initial rational for taking the courses was that I could buy/sell my own personal properties. I plan on scaling more in the years to come.
However, I've read the threads and debates on whether or not it's beneficial for an investor to have a license and it's made me a bit hesitant to complete the process.
That said, I'm still not 100% sure on what exactly the conflict of interest is with selling your own personal property after you sign on with a RE brokerage? I can definitely see the flaws with FSBO and not having e&o insurance, but after you sign on with a brokerage is it any different than selling a clients property?
In the future, would it be beneficial to purchase properties in an LLC name, and then sell them personally (via whatever RE brokerage I'd be working for)?
Thanks in advance for the reply!
Taylor