Is it worth it to get a brokers license for my own investing/flipping?

[Numan Seinfield]

I’ve been researching this and need some experienced help
I am thinking of getting a broker license for my own investing/flipping. I've taken all of the salespersons classes, but have been reluctant to get the salespersons license as most brokers don't like their agents buying directly from FSBO/motivated sellers. Plus I lose a lot of control/flexibility over my own deals.

My plan is to instead get a brokers license (I need 4 more classes to sit for the test) and continue to do deals as an investor by finding motivated sellers/FSBO. If a deal is too thin I would like to refer them to another agent (for a referral fee) who will list the house. (Would I incur additional liability referring to another agent?) I could possibly list it myself, but am worried about a conflict of interest. I feel I am leaving a lot of money on the table without these options.

Is it worthwhile doing this? What costs would I be looking at? I know I will have E&O insurance (around $1500/yr. CA brokers fees ($400/yr)?

If I’m the only one working and I hire a RE attorney or transaction coordinator to go over the paperwork on my deals how much more liability would I be taking on vs being unlicensed?

Is anyone else doing something similar to the above?
All recommendations/suggestions appreciated

Jason

[J Scott]

My wife and I are licensed agents (not brokers) and this is actually what we do. We represent ourselves on deals where we are the principal, and we refer out any leads to other agents when the deal doesn't make sense for us. We generally get about 25% of the commission the other agent generates when we refer a lead.

I like not being my own broker, as it's less liability and paperwork. Though many of the investors I speak with who have their broker license like it better than hanging their license with another broker...so that may in-fact be a better option for you...