How do I find a broker to HOLD my real estate salesperson license?
Posted on February 7th, 2010 in Renting & Real Estate | 5 Comments »
Kenteman asked:
I have to renew my real estate salesperson license. I no longer work as a realtor, but like to keep it active as I will be buying a home soon, and may decide to get back in the business in the future when the market improves. How can I park my license so it will not expire? I am in the state of Illinois and not sure how it works here.
5 Responses
Herbal Remedies
your basically asking to be hired by a broker. I think its illegal. IN CA anyway to just have someone ‘hold’ it.
Sacramento CA Real Estate
Yeah it’s illegal here in California.
It’s call Renta-Broker……….dangerous
But you asked about Illlinois……..go to Agentsonline.net
and
don’t said it the way you said it up there.
Say I’m looking for a Broker in Illinois.
Then you talk to whomever and see if they are
okay with you hanging your license (as risk) in their office.
Hell tell him, you might sell something once a month.
Find a greedy or desparate one….they are a dime a dozen.
Laser Hair Removal New York
I’m thinking you best bet is to try to pick up some extra courses when possible at a night school or something. Showing that you are putting in the effort to continue your education or possibly studying to get your brokers license.
Osrry, but they wont let you keep your realators license so you can buy houses for you and your close friends. And if you could find a broker willing to do that would you really trust him to not ***** you over.
Sarasota Real Estate News
You will need to find a broker that allows licensees to maintain their license while they don’t actively sell real estate. The correct terms in which to search would be “referral status”, “non-Active agent”. There are some that allow it & you pay a minimal fee, if any, but it IS going to take some research on your part to find one. Many do so, so they can still refer clients to an active agent & still receive a referral commission. This would be your best bet.
FYI, you may incur some fees, depending on the broker, for actively participating in/being a party to a transaction.
Bozeman Mt Real Estate Listings
You have to renew your license once it is expire, because it is illegal to transact real estate business with your license is expired. It is also dangerous to let anybody used your license, since you are liable for any transaction done under you name.