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Updated over 8 years ago on . Most recent reply

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2
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1
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Tenea N.
  • Investor
  • San Mateo, CA
1
Votes |
2
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How Can I Leverage My Broker's License With Little Experience?

Tenea N.
  • Investor
  • San Mateo, CA
Posted

I started out as a full time agent in CA for a short time in the late aughts (perfect timing!).  I saw the writing on the wall and took a wonderful full time job in academia where I have been working for the past decade.  Although my brokerage was a victim of the recession, I kept my license current and then passed the broker's exam three years ago.  The problem is that I am a broker with very little experience.  I am not interested in the traditional residential route per se, although I would like to work with close family and friends when needed.  I would like your advice on different ways I can gain experience and  utilize my broker's license, particularly those that don't require me to give up my full time position (yet).  I have a postgraduate degree but it's a PhD in science.  Thanks everyone for your feedback.

Most Popular Reply

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675
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David Song
  • Real Estate Broker
  • Redwood City, CA
884
Votes |
675
Posts
David Song
  • Real Estate Broker
  • Redwood City, CA
Replied

I have a broker license just for my own property uses. Broker license is valuable to an investor, much more so than a salesman license.

For the dozen property that I bought and a few I sold during the last 5 years, the license is worth about $15-30k per transaction, and totaled about 300k to 500 k, with very little expense.

Furthermore, with mls access and realtor only information for property evaluation, it is extremely valuable when picking properties and negotiating prices.

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