What are the requirements for running you own brokerage firm?

What are the requirements for running you own brokerage firm?

Real Estate Agent · Northern New Jersey · Member since 2016 · 29 posts · 5 votes
Hello! I am just getting my feet wet in real estate, and do not have a license. One of my 5 year goals is to run my own independent brokerage firm, but I have a few questions about what the minimal requirements would be to do just that. First, does one need to be a real estate agent before being an independent broker? I really wish to broker homes freelance and not under a company if that is possible to do from the start. And finally, what sort of licenses and education is required to become a broker? Thanks so much! Looking forward to your feedback.
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  • Russell BrazilBusiness Member
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    Real Estate Agent · Washington, D.C. · Member since 2012 · 17k+ posts · 30k+ votes
    9y

    This varies from state to state, but in most places you need to be a licensed real estate agent who works under a broker for anywhere from 2 to 5 years before you get your brokers license. In NJ where you live it looks like the requirements are 3 years as a full time real estate agent before you can take the brokers exam.

    http://www.state.nj.us/dobi/division_rec/licensing/reclicrequire.htm

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