New Member: Real Estate License Responsibilities

[Bill Morris]

I live in Midlothian, VA and am new to the site and REI in general. So glad I found this site. I've listened to a dozen or so podcasts over the past week (which have been fantastic) and have read the BP Ultimate Beginner's Guide. I also purchased both of @J Scott 's books and am about halfway through "The Book on Flipping Houses." All great stuff.

Question:  My wife is contemplating getting her license primarily to use for our own investments. However, she will likely also do some work on the side as a Realtor as time permits.  I'm wondering what are the typical responsibilities/requirements that a broker might have or do they vary wildly. Do you need to put in time at the office answering phones, showing properties etc? Or, can you simply hang your shingle with a broker and work as much, or as little, as you'd like?

Thanks in advance for any feedback. 

Bill 

[J Scott]

Originally posted by @Bill Morris:

I guess I'm thinking I'd like to do both, but think we need to concentrate on flipping initially so that we can create our own capital to then eventually invest. Is my thinking flawed?

 This is how a lot of investors build their net worth.  They flip houses for income and then use part of that income to invest in buy-and-hold.