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When Real Estate Investing Courses Are Wrong

From http://REItips.com - Whilst attending TN Real Estate Commission Meeting I was suddenly reminded that this real estate investing thing isn't always as "cut & dry" as we'd like to think. I was r...  
 
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It requires a license in every State, but if you are employed by an Investor and one of your jobs is locating property because this Investor is just too busy to go out look at a home FSBO him/herself then you are
working for him/her and you are considered to be doing your job,
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and your boss should be giving you a pay check, before or after the transaction closes.

Most of the guys I worked with paid weekly pay checks but you did need to be locating at least 5 properties, also for sale by owner types will most likely not wish to deal with a Realtor at all because of the fees involved automatically, so not having a license can also get you into a home a bit faster then coming in with a Real Estate License..
realtyboy2010 (2 months ago) Show Hide
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exactly, in honolulu's code hrs 346 is says a realtor can only pay other realtors in another country, state, or a travel agency. i don't understand why the real estate inventment classes always talk about finding birddogs...
bballcardcollector09 (2 months ago) Show Hide
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i'm justg wrapping up my real estate classes, licensing exam in a few weeks, oh boy...
whitetyger00 (3 months ago) Show Hide
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this just goes to show.... EVERY STATE IS DIFFERENT, and check with your attorney on what is the rules for your state.
GobalHoldingsLLC (4 months ago) Show Hide
+1
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That is why I did away with my real estate License got tire of there crap
real estate license put you in more legal danger then it is worh
PropertyLeadsNow (8 months ago) Show Hide
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Definitely the case here in the Midwest! I love the view of downtown Nashville as well...
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athomewithvalerie (1 year ago) Show Hide
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Thank you for the information. I am from Michigan. I plan on going into real estate this spring. I hope you have more of these "lessons" soon.
skeetmoses (1 year ago) Show Hide
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thanks for the honest tip we need more of that

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