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Updated about 7 years ago on . Most recent reply

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Max Spellman
  • santa cruz, CA
2
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Sales Agent License vs Brokers License: For getting 3% discount?

Max Spellman
  • santa cruz, CA
Posted

Hi,

I am interested in buying about 500k worth of real estate, and my father is looking at selling his 1.5m place in California, and relocating to an income-tax free state and buying a home.


I was scared out of real estate sales, due to the fact I would have to become a sales agent (paying my boss to work) instead of being self-employed. 


What state will allow me the quickest access to become a full blown managing broker, or allow me to work for myself and possibly hire a sales agent?

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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
41,121
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28,105
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied

Most states require you hold an active sales license for at least two years before you can upgrade to a Broker license. I don't know of any states that are faster than two years.

I think you're putting the cart before the horse. Without sales experience, how do you know you want to be a Broker or that you'll be successful? Get your license and try it out. Over 80% of agents quit within the first couple years so prove you're capable of making it before breaking out on your own and incurring the costs of working for yourself.

  • Nathan Gesner
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