All Forum Posts by: Mathew A.

Interest rates will rise, making real estate consumers' costs higher, which will put downward pressure on home prices.

Benefit from the transaction, or benefit after the transaction? I understand that the seller can't receive any money or benefit from the transaction, but what about what happens after the transaction?

I thought sellers could rent their homes if the buyer chose to rent it out. That can't be done?

A homeowner has a house valued at $40,000, but he has a mortgage for $100,000. Can he sell me the house for $30,000, and then I sell it back to him for $50,000 with owner financing?

Are there provisions in a short sale contract that say the seller cannot purchase the property within 1 year, 5 years, ever? I don't see how that can be in the contract, but I also don't see how the buyer can purchase at a discount and then sell the house back to the original seller while the lender loses tens of thousands of dollars.

Thank you in advance.

Does principal refer to either buyer or seller?

Let me see if I understand this correctly through a hypothetical example:

I, a licensed CA broker, want to sell a house in AZ. Because I'm only licensed in CA, I can't represent myself in the transaction, and instead, pay a discount brokerage $400 to put my property in the MLS, and if sold with a buyer's agent, pay his commission. The listing must have "Owner is a licensed real estate agent" in it.

Is all this correct? Or does that last part not have to be in the listing since I'm just a principal?

Thanks!

Suppose I get my broker's license in CA. If I buy investment properties in AZ, or any other state for that matter, do I have to abide by the same disclosure rules as in CA? For example, if I want to sell, do I have to disclose that I'm a licensed real estate broker?

Thank you in advance.

Great responses, exactly what I was looking for!

I think the biggest challenge, from what a few of you mentioned, would be to get agents to come and work at my brokerage. If I were an agent, then I'd look to see what a brokerage can do for me in return for getting a slice of my commission. Unfortunately, there looks like there already is a good amount of competition online in the low-fee brokerage niche.

I have one more question relating to the broker's license. Would getting it be a good thing to put on a resume when applying for a real estate analyst job? I like analyzing and investing in real estate (specifically for the long-term from a buy-hold strategy), so I've always thought working as a real estate analyst would be perfect for me. I don't have formal real estate experience, but the broker's license would look pretty good, wouldn't it? Are there other ways I can prepare for getting this job? (i.e. Get my hands on a free copy of Argus?)

Thanks for your input. I was thinking I'd go the low fees route and not offer much to the agents, but the small fees from a small number of agents might not be worth my effort. Since I don't want to be a broker full time, I'm just brainstorming ways of utilizing the license. Got any?

Yeah, in CA, you need two years experience as a full time salesperson if you don't have a four year degree. I have my degree and will be taking the RE classes soon anyway, so getting the broker's license won't be much of an issue.

Hi everyone,

I often read on this site, but this is my first post. I'm a beginner real estate investor (working on my second deal), and I'm considering becoming a part-time real estate broker for a few reasons. I've read several articles debating whether real estate investors should get their RE license/broker's license, but there's one thing that I haven't seen discussed that I'm curious about.

Can a real estate broker just hire agents and collect half of the commissions while the agents do all the work? The real estate broker acts as a manager and not a salesperson. Is this done in practice?

Thank you for reading and I look forward to many comments.