Updated about 5 years ago on . Most recent reply
Rules of Real Estate License
I'm considering getting my REL in Florida, but not really to become a full-time agent. Rather, I'm interested in real estate investing, but know very little (BP is helping though!) and figured that a REL would:
1. Help me learn a ton about this brand new field to me
2. Open up the possibility of doing my own listings/sales of future properties
3. Allow me to list/sell my boyfriend's house, and seek out a home for my father in FL (save him the RE commission)
My question is (because I can't seem to find a clear-cut answer online)... Once you obtain your REL, do you have to work for a broker to "activate" your license? Is the REL good for nothing unless you become an agent with a company? If so, I'll likely opt-out, and instead, connect with Real Estate Agents in the areas of Florida needed and learn as much from BP as possible.
Any feedback is a huge help!
Most Popular Reply
I can't speak to Ft Lauderdale (I can actually because I know agents there, but I won't because it's not my market), but in my market everything below 800k-1MM is a seller's market.
The deal is - you can find good investments in any market. You can overpay in any market. It is harder in a seller's market because retail buyers are paying over what investors would pay for a good deal but you can still find things. Value-add is a good place to look in this market; turnkey is expensive right now.
An aside: There's no such thing as actual value. FMV is determined by what a buyer pays and what a seller sells for. Appraised value is just one guy or gal's opinion of what a different buyer might pay today based on what buyers payed for similar things in the last few months, so it's always a trailing/lagging indicator.