One of my friends has started specializing in foreclosures and had the idea to get his re license. That way if he approaches someone in default that doesn’t want to sell him the house, he can offer to sell it for them and at least get a commission out of it. Just wondering what opinions are on this (i’m considering getting my license, too). Are there sticky situations with being an agent and an investor? Any concerns about it?
There are benefits to taking the class- including confidence, knowledge and insider information. You can take the class and not the state exam… it’s very useful to understand the basics.
The only problem with being a licensee, is that you must disclose. It’s not a big deal, but you have to tell everyone, even if your property is an investment and you decide to sell FSBO.