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Updated about 6 years ago on . Most recent reply

User Stats

85
Posts
121
Votes
Alan Johnson
  • Specialist
  • Pennsylvania
121
Votes |
85
Posts

Real estate license needed to buy/sell options in MA?

Alan Johnson
  • Specialist
  • Pennsylvania
Posted

I have been told by a real estate agent that if I want to execute an assignable option agreement with a property owner that gives me the right, but not the obligation, to purchase the property at an agreed price during an agreed period of time, I must do this through a real estate agent. Otherwise, if I then sell (assign) the option to someone else, the Commonwealth of Massachusetts will deem this as brokering real estate without a license. Is this true?

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