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Updated almost 10 years ago on . Most recent reply
Real estate license
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![Chris Martin's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/36028/1623762740-avatar-wakeproperties.jpg?twic=v1/output=image/crop=2988x2988@1162x0/cover=128x128&v=2)
Regarding "Make sure to explain to them that you intend to use your license primarily for doing your own deals and that you're not looking to be a traditional agent." It would be interesting to hear what additional expenses and conditions are required for MLS access. Maybe I am out of sync with current realiy, but brokers typically have sales quotas and pay some fees. Some (most?) brokers are not interested in new agents/clients operating for their own account. That seemed to work in the great recession, but now firms want closers who can generate revenue. If I owned a traditional brokerage, and a newbie showed up with visions of creative REI and self dealing, I wouldn't even let them sit down before showing them the door. Too many sales IMO in this environment to bother with that....
Full disclosure Disclaimer: I went through the Monk program a long time (over a decade) ago in our local great recession. As a member/manager of a multi-member LLC engaged in
long term holds, I was told by the company attorney to NOT take the REC final exam, because in my position that would violate my company's operating agreement. I took the class (paid by company) for education purposes only. After a few acquisitions, I understood why.
Ultimately, I comes down to 'what are you going or trying to do... business wise?'