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All Forum Posts by: Marian Huish

Marian Huish has started 11 posts and replied 456 times.

Post: Licensed Attorney to Broker?

Marian HuishPosted
  • Real Estate Broker
  • DC MD, VA & NV
  • Posts 494
  • Votes 285

So you’re not a licensed agent and want to become a broker @Nolan Chandler?  Are you planning to work as a Realtor or only looking to save on commission for your personal deals?  I would register for the pre-licensing course as you’ll need to understand the basics-  otherwise you’ll need a good attorney!  Each state is different so you should be inquiring with your state RE division.

Post: Wholesaling as an EXP agent seems impossible, please help

Marian HuishPosted
  • Real Estate Broker
  • DC MD, VA & NV
  • Posts 494
  • Votes 285

Perhaps you should have looked into this before getting licensed as now you’ll be held to a higher standard @Jose Garcia!

Post: Wholesaling as an EXP agent seems impossible, please help

Marian HuishPosted
  • Real Estate Broker
  • DC MD, VA & NV
  • Posts 494
  • Votes 285
Quote from @Bruce Lynn:

Not saying it can't be done, but very tough.

How do you get the best price and fulfill your fiduciary duty to the seller, when you think you can sell it for more as an agent/broker to someone else?

These are probably the most riskiest transactions along with property management for agents and brokers....I see it....I hear it....

This is what I hear......that agent stole my mom's property....she didn't know what she was doing or signing. Grandma never tells the family until after she signs the contract with you. So while maybe legal....now family kids and grandkids are angry grandma sold the house to you. You assign it for $10,000-$20,000-$30,000-$50,000 profit. Family and friends of grandma figure this out. When they sue and get in front of a judge or a jury.....they're going to cry that you stole that money from grandma. You're a crook. Since you are licensed you should have put her interest above your own and sold it for her and given her the profit, not kept it for yourself. Your broker and likely their E&O insurance company doesn't want to fight and protect you against these kinds of lawsuits or even complaints to the licensing board, etc. Of course there is always more to the story. You may have helped them get cash when they needed it or a whole host of other good reasons why you bought cheap, resold it, and grandma wanted to sell to you....but it is just a tough road to fight for the brokerage if it goes south and likely in some way you are using their resources, but not rewarding them for their liability.

Hope that makes sense.

For most people I think you can potentially make a lot more money being a good agent and trying to focus on that part of the business vs wholesaling.  There are some wholesalers that make good money, so they are out there, but for 95% of the people doing it, not a good or long term business.   I'd focus on one or the other.  You could give up your license/go inactive and just wholesale, or keep it and focus on something else.

Good luck and best wishes.

Well said ! 

Post: Real Estate Agent Start Up Fund

Marian HuishPosted
  • Real Estate Broker
  • DC MD, VA & NV
  • Posts 494
  • Votes 285

@Adonis Covington if you have your real estate license, I would start selling so that you can save some money & then start buying properties.  Do you have a mentor? Your brokerage should be helping you to get started.  Good luck!

Post: Real estate agent question

Marian HuishPosted
  • Real Estate Broker
  • DC MD, VA & NV
  • Posts 494
  • Votes 285

What market are you in @Nicholas Dale Aulby?  You should definitely hire a professional and include photos of the immediate neighborhood.  Also curious which brokerage you’re with as this is something they should guide you with.  Or perhaps you’re not an agent?  Do you have a listing agent selling a property of yours?

Post: Looking for investor friendly managing broker

Marian HuishPosted
  • Real Estate Broker
  • DC MD, VA & NV
  • Posts 494
  • Votes 285

I wish we all the best… Perhaps you may eventually decide to get licensed.

Post: Looking for investor friendly managing broker

Marian HuishPosted
  • Real Estate Broker
  • DC MD, VA & NV
  • Posts 494
  • Votes 285

My advice @Josh Middendorf would be to focus on what you know best, Construction, and hire a professional Realtor to handle your sales. It will end up costing you much more while trying to save on commission.

Post: Thoughts on validating a remote customer???

Marian HuishPosted
  • Real Estate Broker
  • DC MD, VA & NV
  • Posts 494
  • Votes 285

I actually never hung in there as long as @Account Closed!

Post: What are the most investor-friendly brokerage options?

Marian HuishPosted
  • Real Estate Broker
  • DC MD, VA & NV
  • Posts 494
  • Votes 285

Can you be more specific @Kyle Spearin as to what support you’re not getting at your current brokerage vs what you’re needing?

Post: Looking for investor friendly managing broker

Marian HuishPosted
  • Real Estate Broker
  • DC MD, VA & NV
  • Posts 494
  • Votes 285

So if you’re looking to get new license, you would be getting your real estate license not a broker license as most states require a minimum experience of at least two years before becoming a Broker @Josh Middendorf. Why are you getting licensed if you don’t plan to sell real estate?  There are many investor-friendly brokerages out there but of course they will want to make money from their time in training they invest in you.  Many brokerages won’t take on part-time agents who aren’t committed to selling to the public so I understand your challenge. You may want to consider eXp Realty which is nationwide, but again, you would need to produce something for the Brokerage beyond your personal sales. You might also consider working referrals as many agents can make a good living just connecting buyers and sellers with other agents and taking a 25% commission split. Happy to have a conversation if you’d like further advice.  Otherwise best of luck!