Laws for RE agents about investing in personal properties?

[Vanessa Bautista]

I’m an aspiring real estate agent. I have not gotten my license yet, just beginning courses. My main interest is in investing (which I’m also just learning about) and I’d like to know if there are any special rules or laws that would hinder my property investment opportunities while being a licensed real estate agent.

I know that I don’t need to be a real estate agent to invest but I’d like to do both.

[Ashley Salisbury]

@Vanessa Bautista, many agents do both, intentionally or not! In Tennessee you MUST disclose that you have your real estate license when you have a vested interest in the property. That also includes if your family member or a company in which you hold interest (like a partnership LLC) is the buyer or seller of the property. I also suggest that if you were to go to the home of a potential seller for a listing appointment and you're interested in purchasing that property as an investment that you be honest and tell them that you're interested, can offer what you're willing to offer, but that if they were to list the property with you they'd be able to make market value even if you're not willing to purchase it for market value. Treat people like you'd like to be treated and they'll respect you and your integrity even if they don't want to hire you or sell you their property. Good Luck!