Posted by Ken on November 10, 1998 at 18:07:53:
Check with the Division of Finance in your state. Ask them if a license is required to buy or broker notes on the secondary market.
You can broker part time in the beginning, its harder to do unless you have a night time job where you can answer the phone during the day.
Local State Requirements for Brokers??? - Posted by DanM(OR)
Posted by DanM(OR) on November 10, 1998 at 17:45:41:
Dear John,
Could you please direct me to the place where I can find out the requirements of being a broker in my state? (Oregon)
I have been reading your posts and am entertaining the idea of brokering notes in order to earn while I earn.
Also, is it possible to broker notes, at least in the beginnig, part time? I have a full time job now.
Thanks for your help!
Dan
Series 6 securities license - Posted by John Behle
Posted by John Behle on November 10, 1998 at 18:53:14:
Check with the state. I’ve been told that they want you to have a series 6 securities license that is easy to get. I know they’ve passed a couple new laws the last few years, so I’d start with a call to the Real Estate Division.
When I started, it was part time. About 15-20 hours per week netted me an average of one deal per week and an average profit of $1300 per deal.