Representing Real Estate Investors in CA

[Rosalyn Dones]

Does the state of CA require that I have a real estate broker's license to represent a group of real estate investors looking to purchase multiple REO properties?

[Account Closed]

Originally posted by Mitch Kronowit:

Originally posted by Steve L.:

Only if you are expecting the Seller to pay you a commission.

Really?!?!? So if some investor(s) wants me to find them a property to invest in, I can be their agent, without a license, so long as I don't ask the seller for a commission (obviously I would charge the buyer a fee for services)???

Interesting to know. Thanks. :cool:

The California Business and Professions code defines a broker like this:
Broker Defined
10131. A real estate broker within the meaning of this part is a person who, for a compensation or in expectation of a compensation, regardless of the form or time of payment, does or negotiates to do one or more of the following acts for another or others:
(a) Sells or offers to sell, buys or offers to buy, solicits prospective sellers or purchasers of, solicits or obtains listings of, or negotiates the purchase, sale or exchange of real property or a business opportunity....

So, if there is no compensation and no expectation of compensation, you are not a broker, by definition.