California Agent/Investor questions
Looking for help/opinions on any legal issues to being both an investor and agent in California. I'll be more specific with a little back ground. I wanted to become an active investor and did some direct mail 4-5 months ago. As I talked with people and researched I realized that being an Agent would allow me to monetize things more and also allow me to not worry about any "brokering without a license" issues.
I Was finally able to take test this week and passed, the bar was lower than I even expected. Why they make a process that could be finished in a week stretch out to 4 months I have no idea, if you can do it faster it should be allowed.
Anyways, I've had an agreement with a local broker to hang my license there for a couple months. The broker has no problem with me being an investor focused agent, we both just want to make sure I have my paperwork straight.
I'm hoping other investor/agents can chime in and let me know if there are any issues I need to handle? We have a call into CAR right now, not sure if the broker was able to get answers yet. The list:
Can i use standard real estate contract as an investor?
what type of disclosure do I need on my own business website, marketing materials, business cards?
There were a couple others but i'm drawing a blank right now, feel free to add to my list. I also need a good RE attorney that can help me with contracts/legal issues for doing terms deals (owner finance, lease option, jv etc). I'm in a small town and we don't have anyone that specializes but also not sure I can effectively work with an attorney at a distance?
Anxious to get going but these issues are going to delay me until I can get answers.
Thanks.