Can only be an Agent or Investor

[Scott R.]

Ok, im confused. Im in california, i have everything done to get a 4 year license except my exam. Talked to century 21 today for an interview to be an agent under them. I told them im not going to be focusing on the retail side of sales, im working with investors and my own benifit. They were totally fine with that and said we have agents that only do 1 deal a year so not a problem.

Then i told him i am now an affiliate with 2 investors in so cal and i will be working up here working on gathering information on shortsales properties by talking to agents with the listings, getting what the investors need information wise. If they buy, i get 25% of the profit whent hey sell as a general partner in the company. They flip retail. They negotiate, fix if needed and flip to retail buyers with good credit who are pre qualified non FHA (pre 90 days). I get education and 25% profit share.

NOW, the guy (licensed agent who works the recruitment side of century 21 here) said well you cant do that.... If you are an agent you cant take 25% of that deal because you are obligated to your broker.. I told him, the properties being bought then sold are listed with an agent already, i take no commission as an agent nor do i list the property on the sale side. They agent with the listing gets full commission. I simply am using the license for access to the mls to gather information for myself.

Now if i listed the poperty, took my 25% and a commission on the sale, that i believe is conflict in intrest. By the way the 25% will be made out to my LLC at closing. He has me confused. That means i could NEVER partner for anymore profit with ANYONE except to make my normal 3% commission. guys, any help here?