License to manage a Real Estate Syndicate deal?

[John Lyszczyk]

Do you need to acquire some type of securities license in order to conduct Real Estate Syndicate deals? Is some sort of securities license required? I have been reading a lot about Syndicate deals, and I am curious as to what qualifications you need to have to start..

[Jeff Greenberg]

@John Lyszczyk just as you can sell your own house without a realtor license, you can your own security with a license. As @Chris Tracy stated, there are rules you need to follow in order to qualify for different exemptions. Don't follow the rules and lose the exemption and you can get into deep trouble.

@Lane Kawaoka I am not sure where your statement comes from "Most Syndicators are using the same 5 people." and I am not sure why it would matter. Bring in 1 passive investor 5 or 20 the rules are the same.  The rules on relationships, and the type of investor you can use, and how you can attract them depends on the exemption that you are following.