after real estate license how can you sell without company?

Question

Hello all,

I noticed on www.dre.ca.gov that a real estate licensee must work for a company to sell properties. Is it possible to sell real estate without a company?

My brother and I are getting into rehabbing and would like to sell the property without having to pay an agent commission.

Please let me know if you have any ideas.

Thank you,

Ben Schembri

Ben Schembri · Answer

Thanks Curt,

You explained it perfectly. Will any broker work?

Ben Schembri · Answer

I forgot to add critical information to my post. I do not have my salesperson license, but I am looking into getting it.

I understand that on a good deal the 6% commission should be factored in. But, if I rehab for a long period of time it would be nice to save that money.

J Scott · Answer

If you get your license, find a brokerage that only takes a small fee on each sale (though they'll probably take a monthly fee as well). This way you can avoid most of the 3% listing fee that you would otherwise be paying.

For example, my brokerage charges $60/month and then $300 per transaction. If I do one $50K purchase per year (where I get a 3% commission), I more than cover my brokerage costs for the year.

Curt Davis · Answer

In order to list or sell property for yourself or someone you need to hang your license with a broker. You can sell your own property you purchase without having to pay your broker, you just need to disclose to the buyer that you have an equitable interest in the sale of the property. For Sale by Owner Agent

Kathy V. · Answer

Welcome Ben.

Unless you got a broker's license, then, yes, you will have to "hang" your license somewhere.

David Martin · Answer

I don't see how CAR can dictate whether you choose to go FSBO or with your broker if you are licensed. If that's really the case, just work something out with your sponsoring broker.

In my experience, most brokers will give you a break on your personal property on the listing side commission. If you list it and a selling agent brings you a qualified buyer, why not pay the 2.5-3%? If you bought the property right in the first place, you should've built this expense into your deal.

after real estate license how can you sell without company?

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