Posted by Rob FL on November 18, 1999 at 21:40:17:
I am a licensed RE broker. It is wonderful to have direct access to the MLS, in fact our MLS in Orlando just recently went live on the internet. Of course it is password protected. It is also nice to be able to get 1/2 of the commission back at closing either in cash or a reduced sales price.
For sales or purchases using the MLS, I don’t really find any problem with disclosing the fact I am a broker. Pretty obvious that I am. The other party is usually represented by a broker as well.
For FSBOs sales and purchases, I do disclose, but I am low key about it. If you make too big a deal about it some people get a little spooked. Of course if they knew you flip 2 or 3 properties a month, or if you own a bunch of rental properties, or if you are an “investor” that might be a little intimidating as well. For purchase offers, I simply put a quick statement in my own special addendum: “Buyer is a licensed real estate broker.” On advertisements in the paper or letters to property owners, I just use one word, “Broker.” I am not trying to hide this fact, but I am not trying to shout it from the rooftops either. Play it low key. Oh, and yes there are extra rules and regulations that you have to abide by, but 95% of them only apply if you are representing another party.
Real estate services business - Posted by Angie
Posted by Angie on November 16, 1999 at 01:27:38:
I would like to know if a real estate license is needed to sell services to home sellers wanting to sell their own home. Selling contracts, how to brochures, etc. I’m Intrested in starting a business like this, but do not have a real estate license. Thanks!
Re: Real estate services business - Posted by Leo Quinn
Posted by Leo Quinn on November 16, 1999 at 21:15:47:
Here is what someone in my area is doing…
They take pics of your house and post them on the internet.
Re: Real estate services business - Posted by Rob FL
Posted by Rob FL on November 16, 1999 at 15:44:22:
I don’t think you need a license for this activity. There are already a dozen or so companies out there doing this very thing. Check out www.fsbo.net and www.buyowner.com.
There is a market for this type of service because I have done similar things myself.
I have a side business where I will stick properties in the local Realtor’s MLS (I have a license), put a lockbox on your house, and give you some sales contracts for $500 upfront non-refundable. I won’t do any other marketing of the property for the owner and do not represent them in any way. Easy money.
Re: Real estate services business - Posted by Mark-NC
Posted by Mark-NC on November 16, 1999 at 09:35:53:
You can sell all the how to information you want without a licencse. I would probably put a disclaimer in it for your protection.
To be Honest I don’t think this would work to well. There is so much free information out there now that it is going to be hard to sell it. And even if you do I think you will spend so much time effort and money on it the return will be minimal.
This is my opinion, don’t let me or any one else talk you out of it if you believe in it. If you do well with it, more power to you. If you don’t you will probably learn something that will help you in your future endevours whether it be good or bad.
If I were you I would put something together and pass it out for free that involves some type of transaction where you can make money of their deal. Lease options,Flips, ect. Thats where the money is!!!
Well good luck
Re: Real estate services business - Posted by Brian W(IN)
Posted by Brian W(IN) on November 16, 1999 at 09:28:03:
Angie, from my understanding of the RE business, the only time that you actually need a license is when you are actually in the business of selling real estate. If you are only providing information to help home owners sell their properties, then you don’t need a license.
Questions for licensed realtor - Posted by Dan-NC
Posted by Dan-NC on November 18, 1999 at 18:16:18:
Rob, How does being licensed effect your RE investing? Do you find it it a big help since you have access to MLS etc. Does it turn some sellers off? Do you tell sellers? Are you bound by certain rules, obligations, disclosures etc. because of it. Are you a broker? I’m considering getting licensed, not to sell, but just for the education & have been wondering about those issues.
Thanks in advance!