Posted by Jim FL on October 31, 2002 at 15:52:35:
Check to be sure, by reading and studying your local laws.
But, in most places, since you are just advertising that you will BUY peoples houses, you should not need a license of any sort.
You are an investor, just like someone who buys stock.
If that is all they do, buy it, and then resell it, then they don’t need to be a stock broker.
The only time you need a license is if you are selling something for someone else.
With investing, you are a principal in the transaction.
Again though, some places have goofy laws, so check to be sure.
I seem to recall some state or other saying that if you bought more than a certain number of houses per year, you had to have some kind of license.
An easy one to deal with, just buy until you hit the number, and then start a new corporation to begin buying more.
and on and on and on.