http://www.commercialrealestateloansnow.com/what-are-the-advantages-of-getting-a-real-estate-brokers-license-in-california-if-want-to-buy-rental-props/ Your Source for Commercial Real Estate Loans Tue, 16 Feb 2010 12:32:17 +0000 hourly 1 http://wordpress.org/?v=3.0 http://www.commercialrealestateloansnow.com/what-are-the-advantages-of-getting-a-real-estate-brokers-license-in-california-if-want-to-buy-rental-props/comment-page-1/#comment-1362 sdmike Fri, 03 Jul 2009 00:40:21 +0000 http://www.commercialrealestateloansnow.com/what-are-the-advantages-of-getting-a-real-estate-brokers-license-in-california-if-want-to-buy-rental-props/#comment-1362 If you are just buying for yourself, then there is no advantage - there is only the drawback that you are held to a higher standard in your relationship to unlicensed sellers and tenants. You have the obligation in a transaction with an unlicensed person to treat them as if they were your client. If you are just buying for yourself, then there is no advantage – there is only the drawback that you are held to a higher standard in your relationship to unlicensed sellers and tenants. You have the obligation in a transaction with an unlicensed person to treat them as if they were your client.

]]> http://www.commercialrealestateloansnow.com/what-are-the-advantages-of-getting-a-real-estate-brokers-license-in-california-if-want-to-buy-rental-props/comment-page-1/#comment-1363 JD Fri, 03 Jul 2009 00:40:21 +0000 http://www.commercialrealestateloansnow.com/what-are-the-advantages-of-getting-a-real-estate-brokers-license-in-california-if-want-to-buy-rental-props/#comment-1363 There are two advantages. First, the process of getting your license may teach you something about how to correctly value properties (for example, don't even think about buying a rental property before you understand how to calculate cap rates, NOI, and internal rate of return). Second, the best properties are snapped up very quickly by established real estate players. But since most seller are willing to list with multiple agents, you may be able to find out about properties you wouldn't have otherwise by becoming an agent yourself. Nonetheless, most successful real estate entrepreneurs do *not* have a broker's license. There are two advantages. First, the process of getting your license may teach you something about how to correctly value properties (for example, don’t even think about buying a rental property before you understand how to calculate cap rates, NOI, and internal rate of return). Second, the best properties are snapped up very quickly by established real estate players. But since most seller are willing to list with multiple agents, you may be able to find out about properties you wouldn’t have otherwise by becoming an agent yourself.
Nonetheless, most successful real estate entrepreneurs do *not* have a broker’s license.

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