Requirements for becoming an agent

[Charlie Barnett]

My wife and I are interested in getting into real estate investing. This has led us to explore the possibility of one of us getting our agent's license. The state of Kansas requires that you work under the umbrella of a broker for two years if you wish to become an agent.

We don't wish to leave our full-time careers, we only plan to represent ourselves. Is there a fair arrangement that could be worked out with a broker in this scenario? We would be low volume, but also low maintenance. We want to make it worth the broker's effort while fulfilling the state's formality.

Has anybody done something similar? I've sent out some inquiries to local brokers, but the responses have been sparse. I'm guessing there's little incentive on their part.

Thanks for the feedback.

[Jared Viernes]

Charlie Barnett keep looking. I've been working with a smaller real estate broker for a few weeks. He says there are a lot of "part time" agents out there. You will need to take the 30 hour course which can be taken online or in person; then pass the exam. I'm not 100% sure but I think you can hang your license with a broker after you pass.

Shouldn't be too hard to find a broker if you don't ask for anything but to hang your license, as you will make them money every deal you do. Check around, you can probably find something better than a 50/50 split.