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All Forum Posts by: Account Closed

Account Closed has started 3 posts and replied 8 times.

Post: Is it possible to be licensed in all states?

Account ClosedPosted
  • New York, NY
  • Posts 14
  • Votes 5
Originally posted by @Francois G.:
Originally posted by @Account Closed:
1. If my question is "dumb" as you say it is, why would you bother replying / answering? Don't tell me to "fix my attitude". My reply to the other person, doesn't involve you whatsoever. If you would have just replied with answers to the questions I asked, great, but to make a stupid comment like you did, isn't necessary. 

2. My question is some what answered now thanks to the other folks who replied who are actually helpful. 

3. The reason I asked about being licensed in all states is because I want to be able to operate my business in any state legally. Not sure if you read my reply earlier, but I want to be the one stop shop, whether it's buying/selling Residential/Commercial, developments, investments, & property management.

4. Working with another agent as you mentioned, I don't mind, but who's company are THEY representing? 



Originally posted by @Francois G.:
Originally posted by @Account Closed:

Originally posted by @Nathan Gesner:

Yes, there is a reciprocity agreement, at least among most states. But that doesn't mean you can get licensed in New York and automatically be licensed in the other 49 states. You have to go through state-specific training and testing and licensing. An agent licensed in California has to attend a Wyoming Law class, which is 3 days long and about $400. Then they have to pass the test which will cost $130. Then they have to apply for their license and meet all the other requirements. For you to do that as an individual in all 50 states would take years to complete, not to mention the financial burden. And if you are living in New York, what good would your license do you in Alaska, or Montana, or Arizona? You would not know the market, you would not have a presence. 

there are large companies that have licensed individuals in every state, but they do it by establishing a national business presence and then expanding into those states by hiring agents that are licensed in that state. It sounds to me like you want to fly to Mars but you haven't even demonstrated the ability to fly from New York to New Jersey.

1. I am not looking to "fly to mars". It actually sounds to me like you don't know the answers to my questions. Please don't come on here to tell me what I can and can't do. This is the issue with a lot of people like you on here, you think you know everything about RE and are better than others. 

2. I asked if you need a broker license in order to legally operate in other states. Yes, I can put up a job posting for a RE agent in let's say, Montana, but what I asked and you didn't answer was, "don't I need a broker's license in that state". 

3. Obviously I won't be opening up a company and hiring agents in all 50 states overnight. I am asking what's possible and feasible. 

4. You mentioned having a company presence in every state that I want to operate. You didn't even answer my question regarding that. 

If you don't have the knowledge or experience to answer my questions, please don't bother. There are plenty of posts you can reply to on here, feel free to waste their time and not mine. Thank you. 

For starters, you need to fix your attitude. You can't come on a public forum, ask a question (& IMO a dumb one), then be a jerkoff when people try to answer your question. 

Now it's my turn. Is it possible to get a license in 50 states? I guess so. But who would ever want to do that? Real estate is local. Even if you want to do business nationally, there's other ways to do that without having to invest so much money/time/energy. 

Out of curiousity, why wouldn't you just network with agents in the states you're interested in and split commissions with them? They can be your feet on the ground. Some agents will only want to give you a referral fee for that but depending on the value you're bringing to the table, you can try negotiating to a 50/50 split instead.

So yes it is possible. But it would be extremely time consuming and cost you tons of money (I'm talking just to get all the licenses, we're not even talking about continuing education). I've honestly never even heard of someone attempting to get licensed in every state. Good luck!

I see you're going to make a ton of fruitful connections on here... keep it up.

1) I bothered replying because when I see you giving attitude to someone like Nathan, who has more REI experience in his pinky than you have in your entire body, I feel the need to tell you to check yourself when YOU'RE the one asking the question.

2-3) Lmao.

4) Hmm... I don't know, I'll take a wild shot and guess they're probably representing the BROKERAGE? I mean for someone with your attitude, are these really the questions you're asking?

A "one-stop shop" who's asking if he needs a real estate license in all 50 states. Then asking what company is the other agent representing? LOL! Can't make this stuff up. Yeah man, you got this! 

Good luck.

1. You keep mentioning "attitude". Obviously you failed to read what your buddy Nathan said, which led to my response. 

2. Having more REI experience than someone else doesn't make you any better of a person than them. I think it's great that your buddy Nathan has more REI experience. Isn't that the point of this website / forum? To ask questions, make connections, etc.? Maybe you if you read the comment he made, FIRST, then you'll see why I said what I said.

3. Do I have the company opened up? NO, obviously I don't. There's a reason why I posted on here to ask likeminded individuals in the space, what's possible.

4. You told me that I could possible work with an agent in a different state, in return getting a referral fee. That's clearly not what I want to do, which is why I asked "who's company they are representing". ie. my company or the company they have their salesperson license tied to. If it's someone else's company, that defeats the whole purpose, so your advice is useless. 

5. You need to understand that there are thousands of people like you on this website, and in this industry. Anybody can do what you are doing. Please humble yourself, you are replaceable AF. No need to give some snarky responses. 

6. If my attitude bothers you so much, why bother replying in the first place? Why involve yourself in something that clearly doesn't involve you?  I will not "check myself". I think it's great that you are bothered by my attitude, quite frankly. Have a blessed day, and untwist your panties too while you're at it. 

Post: Is it possible to be licensed in all states?

Account ClosedPosted
  • New York, NY
  • Posts 14
  • Votes 5
1. If my question is "dumb" as you say it is, why would you bother replying / answering? Don't tell me to "fix my attitude". My reply to the other person, doesn't involve you whatsoever. If you would have just replied with answers to the questions I asked, great, but to make a stupid comment like you did, isn't necessary. 

2. My question is some what answered now thanks to the other folks who replied who are actually helpful. 

3. The reason I asked about being licensed in all states is because I want to be able to operate my business in any state legally. Not sure if you read my reply earlier, but I want to be the one stop shop, whether it's buying/selling Residential/Commercial, developments, investments, & property management.

4. Working with another agent as you mentioned, I don't mind, but who's company are THEY representing? 



Originally posted by @Francois G.:
Originally posted by @Account Closed:

Originally posted by @Nathan Gesner:

Yes, there is a reciprocity agreement, at least among most states. But that doesn't mean you can get licensed in New York and automatically be licensed in the other 49 states. You have to go through state-specific training and testing and licensing. An agent licensed in California has to attend a Wyoming Law class, which is 3 days long and about $400. Then they have to pass the test which will cost $130. Then they have to apply for their license and meet all the other requirements. For you to do that as an individual in all 50 states would take years to complete, not to mention the financial burden. And if you are living in New York, what good would your license do you in Alaska, or Montana, or Arizona? You would not know the market, you would not have a presence. 

there are large companies that have licensed individuals in every state, but they do it by establishing a national business presence and then expanding into those states by hiring agents that are licensed in that state. It sounds to me like you want to fly to Mars but you haven't even demonstrated the ability to fly from New York to New Jersey.

1. I am not looking to "fly to mars". It actually sounds to me like you don't know the answers to my questions. Please don't come on here to tell me what I can and can't do. This is the issue with a lot of people like you on here, you think you know everything about RE and are better than others. 

2. I asked if you need a broker license in order to legally operate in other states. Yes, I can put up a job posting for a RE agent in let's say, Montana, but what I asked and you didn't answer was, "don't I need a broker's license in that state". 

3. Obviously I won't be opening up a company and hiring agents in all 50 states overnight. I am asking what's possible and feasible. 

4. You mentioned having a company presence in every state that I want to operate. You didn't even answer my question regarding that. 

If you don't have the knowledge or experience to answer my questions, please don't bother. There are plenty of posts you can reply to on here, feel free to waste their time and not mine. Thank you. 

For starters, you need to fix your attitude. You can't come on a public forum, ask a question (& IMO a dumb one), then be a jerkoff when people try to answer your question. 

Now it's my turn. Is it possible to get a license in 50 states? I guess so. But who would ever want to do that? Real estate is local. Even if you want to do business nationally, there's other ways to do that without having to invest so much money/time/energy. 

Out of curiousity, why wouldn't you just network with agents in the states you're interested in and split commissions with them? They can be your feet on the ground. Some agents will only want to give you a referral fee for that but depending on the value you're bringing to the table, you can try negotiating to a 50/50 split instead.

So yes it is possible. But it would be extremely time consuming and cost you tons of money (I'm talking just to get all the licenses, we're not even talking about continuing education). I've honestly never even heard of someone attempting to get licensed in every state. Good luck!

Post: Is it possible to be licensed in all states?

Account ClosedPosted
  • New York, NY
  • Posts 14
  • Votes 5
Since everyone is telling me it's not realistic to be licensed in every state, without spending a lot of money and time, I will probably just get a license in a few states. Like NY, NJ, CT, CA, TX and FL. 

     I am not looking to become the next "Keller Williams" or "eXp". The company and work I want to do within RE, basically a one stop shop. Where I specialize in developments, sales/leasing (buying and selling properties), investments, and property management. 

    The reason I asked about the licensing in all states, is because I want to make sure that I can legally conduct business in that state. 

What are your thoughts on this? What is my best approach in order to accomplish this goal? 


Originally posted by @Jay Hinrichs:
Originally posted by @Nathan Gesner:

Yes, you could earn a license in all 50 states but it would probably take you years, hundreds of thousands of dollars, and all your time. Why?

Instead of you being licensed in every state, it would make more sense to have a company presence in every state and hire licensed agents.

You hire a managing Broker  its done all the time.. you own the company as owner you dont need a license. 

In Oregon you DO need a license to develop and sell to the public .. many dont realize this but even flippers doing one home need a developers license. 

Post: Is it possible to be licensed in all states?

Account ClosedPosted
  • New York, NY
  • Posts 14
  • Votes 5

Originally posted by @Nathan Gesner:

Yes, there is a reciprocity agreement, at least among most states. But that doesn't mean you can get licensed in New York and automatically be licensed in the other 49 states. You have to go through state-specific training and testing and licensing. An agent licensed in California has to attend a Wyoming Law class, which is 3 days long and about $400. Then they have to pass the test which will cost $130. Then they have to apply for their license and meet all the other requirements. For you to do that as an individual in all 50 states would take years to complete, not to mention the financial burden. And if you are living in New York, what good would your license do you in Alaska, or Montana, or Arizona? You would not know the market, you would not have a presence. 

there are large companies that have licensed individuals in every state, but they do it by establishing a national business presence and then expanding into those states by hiring agents that are licensed in that state. It sounds to me like you want to fly to Mars but you haven't even demonstrated the ability to fly from New York to New Jersey.

1. I am not looking to "fly to mars". It actually sounds to me like you don't know the answers to my questions. Please don't come on here to tell me what I can and can't do. This is the issue with a lot of people like you on here, you think you know everything about RE and are better than others. 

2. I asked if you need a broker license in order to legally operate in other states. Yes, I can put up a job posting for a RE agent in let's say, Montana, but what I asked and you didn't answer was, "don't I need a broker's license in that state". 

3. Obviously I won't be opening up a company and hiring agents in all 50 states overnight. I am asking what's possible and feasible. 

4. You mentioned having a company presence in every state that I want to operate. You didn't even answer my question regarding that. 

If you don't have the knowledge or experience to answer my questions, please don't bother. There are plenty of posts you can reply to on here, feel free to waste their time and not mine. Thank you. 

Post: Is it possible to be licensed in all states?

Account ClosedPosted
  • New York, NY
  • Posts 14
  • Votes 5
Originally posted by @Nathan Gesner:

Yes, you could earn a license in all 50 states but it would probably take you years, hundreds of thousands of dollars, and all your time. Why?

Instead of you being licensed in every state, it would make more sense to have a company presence in every state and hire licensed agents.

But isn't there a reciprocity agreement that states have with other states?

I want operate under 1 brand 1 name pretty much. How would that work, in terms of having a company presence in every state? How do I hire licensed agents, without having a broker license? Don''t you need a one in order to start a brokerage, which is technically what the company would be? 

Post: Is it possible to be licensed in all states?

Account ClosedPosted
  • New York, NY
  • Posts 14
  • Votes 5

Hi everyone,

     My goal in Real Estate is to have my own company, where we handle sales/leasing, investments, developments, and property management. In order to start a brokerage, at least in the few states that I've been researching, you need an active salesperson or agent license for a minimum of 2 years. I believe this varies state by state, could be wrong though.

       When I start the brokerage, or the company itself, I want to be able to work in all 48 states, and eventually Canada. First of all, is this even possible legally? What is my best way or method of reaching this goal and getting this done? 

     Do I have to obtain a salesperson license in every state and hold it for the minimum time?

     As far as developments and investments go, I am 99% I don't need a license for that. Sales/Leasing is something I would need a license for, especially if I want to hire RE agents .

     Happy mothers day to all the beautiful moms out there. 

     Please let me know what your thoughts are on this plan, and what I need to do to execute it. Thank you! 

Post: Where should I even begin?

Account ClosedPosted
  • New York, NY
  • Posts 14
  • Votes 5

Hi everyone! 

I'm 20 turning 21 soon and my goal in life is to be financially successful within the next few years. I know it doesn't happen overnight and I am willing to put in the work it takes to be financially successful. I didn't go to college because I wanted to start my own businesses. I worked for one of my family members 2 years ago and I learned a lot from them. They are not in Real Estate. 

     I currently own and operate a construction company which I started last year. This company was started for my dad so he could stop working for someone else and actually make a decent living instead of paycheck to paycheck. He had his own company 4 years ago but due to other issues, we had to sell the equipment and truck.

    I don't like working construction. My two goals in terms of business are to start my own trucking company and build a real estate portfolio. I will be doing both this year. I have the knowledge and experience in trucking and I love driving so I think this is a good opportunity for me to take to become a successful fleet owner. In terms of Real Estate, my goal is to become a successful investor and possibly a developer.

     I want to start the trucking company, grow it, while also building a real estate portfolio. I know I can handle both but getting started is the hard part. In the end, with both trucking and real estate, my goal is to be financially successful and very well off in terms of wealth. 

     Should I start trucking first or real estate? I don't want to delay real estate while growing the trucking company and then the good deals are gone.

I have been considering getting a Real Estate agent license but many people I spoke to online, said not to since there's no point if I'm not going to actively look to represent buyers and sellers, which in reality I'm not. I wanted to get the license so I can get access to MLS, I save on commission, and after 2 years of active license, I can apply for a brokers license. If I choose this route, I would want to do an all in one real estate company, where I do property management, investing, developments, sales/leasing.

     As you can see, my mind is all over the place in terms of choosing what to do. I'm 100% going to do both trucking and real estate. But I just can't decide which field I should put 100% effort in FIRST. Please share your thoughts and advice on what I should do.
  
     
 

Post: Where do I start in Real Estate Investing?

Account ClosedPosted
  • New York, NY
  • Posts 14
  • Votes 5

Hi everyone,

So I asked this type of question a few weeks ago but I just need some kind of clarification. Basically I am 20 years old and a licensed contractor in NY Metropolitan area. I am interested in learning about and getting into Real Estate. I want to become a Real Estate Investor and eventually a developer (maybe). The reason being the financial freedom that comes with it. I have my own construction company and have two more business goals, become a RE Investor and start my own trucking company (Yes, I have experience in trucking and I love driving so this is a good path for me). Obviously trucking is a whole different industry but I thought I'd mention it. My question is where do I start in Real Estate? I want to learn the terms and methods of being a Real Estate Investor. I know that BP is a good place to start, my question is what tools here would be good for me? The problem I will have when making my first RE purchase is money. The method that I have somewhat of an idea about is BRRRR. What method do YOU think would work for my situation? My goal is to start in residential and eventually get into commercial and build a portfolio of $100 Million+. Obviously this is a huge goal which I know I will accomplish. I am determined to learn and I will. I literally pray everyday for success physically, mentally and financially. Is it worth investing in Long Island and the 5 boroughs? I looked up properties in Ohio, Florida, North Carolina and Florida and it is significantly cheaper. What tools can I use to learn about Real Estate Investing and learn the fundamentals and running the numbers? What method would you recommend I start off with. I'm not looking for a get rich quick scheme but I AM looking to become financially free within the next few years and grow bigger and better as I go on. My inspiration for getting into Real Estate was Manny Khoshbin and seeing his collection of cars. What pretty much has me locked in is listening to Rich Dad Poor Dad (Audiobook). I just finished it a few days ago. Looking forward to your recommendations. Thank you!