Got My Real Estate License But Don't want to be an Agent

4 Replies

I have completed the education and exams for getting my real estate license in Pennsylvania. My goal has always been to use this for easier access to properties I'm interested in and access to the MLS. I don't really have a desire to act as an agent except on sales of my own properties. Are there agencies where I can hang my license and function like this? How should I approach them?

Some brokers require agents to meet minimum transaction requirements, this way they can advertise that "Our agents sell more homes than the other guys", so it will be a problem unless you are really starting big. It also depends on the commission split. If you are on a commission split with little or no fees, and you are only doing a handful of transactions a year, then the broker is losing money on you. There are many brokers (at least here in AZ) that don't work on commission, and just charge a set fee to have your license hung with them and usually a transaction fee. They generally don't care how many transactions you do. Your challenge will be to find an investor-friendly broker, and also one who is good at teaching. Right now you know just enough to be really dangerous. I would ask for referrals from other investor/agents and go interview many brokers. Good luck.

I am in the exact same situation. I haven't started looking for a broker yet but I'm sure it will be difficult to find one. I am a full time engineer and would only be available nights and weekends and would not make them much money. Not very appealing. 

@Matt Shields I’m the same boat but found an awesome solution. We should chat! I’ll pm you.

Originally posted by @Joe Ferguson :

I am in the exact same situation. I haven't started looking for a broker yet but I'm sure it will be difficult to find one. I am a full time engineer and would only be available nights and weekends and would not make them much money. Not very appealing. 

 Joe, It shouldn't be that difficult to find a fee-only, no floor time, investor-friendly broker there. As long as you pay your monthly/quarterly fees they usually don't care how much or when you work. I haven't been to my office in months, all of the transactions are handled through the internet. If I need to speak with a broker I call or email them. The downside is these brokers are usually not good for beginning agents who need "learnen". (From my experience) Good luck.

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