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Updated over 8 years ago on . Most recent reply
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Using a License
I haven't really been able to find his information, even though I've asked agents and looked online.
If I get a license to wholesale without legal repercussions, but I'm using it only to market wholesale deals, and not for working for a commission on other deals (I.e., retail deals on the MLS), do I have to work under a broker?
Thanks you!
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@Shawn Breyer, you need to check with your own state laws on this. I believe you do, especially for access to the MLS AND be able to see viewing information. I also believe that if you want to own a supra key, you need to be working under a broker.
That being said, look in your market for an investor friendly broker. Typically, they give you all or almost all of your commissions. They basically create a resting place for investors to run free.
Talk to an experienced broker in Michigan; actually, talk to more than one and confirm their answers are the same.
Gerald Demers