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Rik Patel
  • Real Estate Agent
  • Miami, FL
25
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132
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Broker License - to apply or to not apply?

Rik Patel
  • Real Estate Agent
  • Miami, FL
Posted

Hi All! 

I am currently a Florida Realtor, mainly using the license to do research investment properties for myself or for my family. (I don't really use it the way other realtor's do to sell and help clients buy). I was wondering what the benefits are for applying for my broker's license?  and why there are brokers working for other brokers? Also, are broker's paying themselves commission if they do purchase/sell a house or are they just deducting it from the purchase price as the commission is taxable?

Looking forward to hearing everyone's thoughts on this!

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