BiggerPockets

Does a business consultant need to be a licensed broker or a Realtor in order to match a property management team who needs financing with a finance entity whether it's a Lender or investor. I'm not selling any securities nor selling any properties..I'm, just matching to teams up.... just need clarification..
Thanks

Alicia

A good business consultant should know that, so not to be real smart about it, you need to do some studying. I assume you're working for one of those business only type sales orgaizations, wacth yourself, they sell the "job" as being easy with thier training, and most in my area have gotten into trouble eventually, so train outside the office if this applies to you at all.

If you cause any real estate transaction, buying, selling, leasing arrangement to be facilitated by your actions, you may need a real estate license. If you facilitate another in obtaining financing, you will probably need a license. If you are dealing only in commercial financing arrangements, which are exempt (commercial loans) you may still need a license under state law

If you are seen by any party to your transaction as a member of that management team or putting that "team in place" you may be seen as an agent, being in an agency relationship, and a license could then be reuired. So disclose your position.

People can usually call the state real estate commission or regulatory body on the phone, tell them what you are doing and just ask, that's the best way to find out! Good luck...