Updated almost 3 years ago on . Most recent reply
Do you need to work for a broker to buy investment properties
Do you need to work for a broker if you are licensed real estate agent to buy your own investment properties?
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You can buy whatever you want, with or without a real estate license.
But in order to take full advantage of your real estate license (earn/save the commission on a property you purchase, for example), your license must be active with a broker in most states.
Real estate commissions are not paid to the agent. They are paid to the broker/brokerage. The agent's compensation thereafter depends on their compensation plan with their broker.
There may be slight variations from state to state, but generally speaking: Yes, you can buy a property without an active real estate license. But no, you cannot earn a commission if your license is not active with a broker.
- Jeff Copeland