Licensed Attorney to Broker

[Nolan Chandler]

Greetings, BP Members!

I am a licensed attorney in CA, but I am currently finishing up active duty in the military before heading back.  My understanding is that you can waive the prerequisites and directly sit for the broker's exam.  My question is: Is there anyone here that knows of someone, or is a licensed attorney turned broker?  I just want to get an idea of the pros and cons of being able to be a broker on my own and any other considerations that I may not be aware of.  Thank you so much.

[Joe Homs]

@Nolan Chandler first of all thank you for your service.  The reason you would want to be a broker is not to pay anyone else commissions or you want to open up your own shop.  I can understand the first, maybe, but he second you would need a lot more experience.  Just having your broker's license does not make you an expert in the field and able to manage and advise other agent underneath you.  I would recommend working at a brokerage for at least two years with your broker's license.  There are plenty of 100% commission brokerages if that is your concern.

Good Investing...