Real estate license?

[Justin Stetson]

Hello everyone. Here's a question for anyone that has a state that makes it illegal to advertise properties without owning them first. I am in Flordia and talked to a lawyer who said you cant not advertises properties at all even in private becusse Florida has it that you'll need a real estate license to do so since you do not own the property and only have it under contract. So, now I feel like I am stuck in getting my real estate licenses. Wondering what people around me are doing and wondering besides being able to Adverties the homes. What other benefits could I see by getting my license. Thanks in advance.

[Micah Redden]

Hello @Justin Stetson,

It seems like there may be some slight miscommunication or misunderstanding about what can and can't be done. I also feel like this question is actually two parts.

1. Should you get your RE license? I personally have mine and see benefit in doing so. However, that license will require you to adhere to a different set of rules as an investor. Failure to do so could result in harsh penalties by the state licensing board. Find out all the pros and cons that you can and compare it to what you are trying to do and your timeline.

2. Can you advertise a property you don't own? Depends! Do you have equitable title in the form of a contract? Does FL allow you to advertise if you do? Are you trying to sell this for another party? If so, does your agreement give you explicit authority to advertise?  

One thing you can typically be sure of, if all parties agree to a circumstance in writing and that circumstance is not illegal, then you are probably covered.

Best of luck!