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Do you need a real estate license to buy an apartment building or to own a apartment building?
Wiki User
∙ 13y ago
Buying an apartment complex is a long, sometimes complicated, process. It's important for you to gather as much information as you can before you make the decision to buy. Applying for a mortgage to finance an apartment complex is not at all similar to applying for a home mortgage. Apartment complexes with four or more units are commercial properties, and loans for them have different underwriting rules.
Rules are :
1. Decide if you want to purchase a residential apartment complex of a mixed-use building.
2.Gather information about the building you would like to buy.
3.Talk to other commercial real estate investors.
4.Talk to local real estate agents.
5. Consider your end goal-the reason you want to buy the property.
6.Have the building inspected by a professional who has experience inspecting commercial
buildings.
7. Assemble the documents you will need for the loan application.
To have a look on recent listing or real estate i would say check classified sites salequick .com or Craigslist .. both are best
Its not mandatory to need a real estate license to buy or own an apartment building.
Wiki User
∙ 9y ago
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Do you need a broker license to operate a apartment locating service?
no!
Do you need a real estate license to rent apartments in Chicago?
yes
Do you need a real estate license to sell your own timeshares in Missouri?
It is always legal for you to sell your own property. You only need a real estate license to sell other people's property on their behalf.
Does the owner of a building company need a real estate licence to sell?
In most states a real estate license is needed in order to sell property owned by someone else. A real estate agent sells someone else's property for a commission, as a service provided to the seller. Anyone can sell her/his own property without using an agent. So the owner of a building company presumably owns the property he builds, and can therefore sell it without a license.
Do you need a ca real estate license to do a lease option contract?
No, it you are representing yourself, if you want to represent a buyer, then yes you need a license
Do you need a job to invest in real estate?
You don’t need a job but you need money or a skill. If you buy an apartment building, can you manage the apartment building? That is a skill. If you have that skill, then you should find a partner that has the money but not the time or skill to manage the apartment building. FLRealtyTeam
Do I need a real estate license to open a property management company in Florida?
Need a license when renting or Leasing or attempts to rent or lease real property of another for compensation. Does not need a license when a salaried employee of an owner of an apartment community working in an onsite rental office. Source: myfloridalicense dot com
What tests need to be taken to get a commercial real estate license?
In order to become a commercial real estate broker, you will need to take and pass the Real Estate License Exam in your state.
How do you get, or do you even need, a real estate license in Florida if you are moving from another state and already have one for the state you previously lived in?
You must go to the local real estate agency building and request a transfer of license. They will process it over about a week then you will receive it in the mail.
Do you need a broker license to operate a apartment locating service?
no!
What is the use of a Colorado real estate license?
A Colorado real estate license is required if you want to become a real estate agent in Colorado. This is a state requirement. The education you need for a license will cost around $500.
Can a felon apply for real estate license?
If a felon cannot have a real estate license, but a former one can have. As long as they pass all the requirement and mandatory components that they need, they can get their real estate license. It also depends for the state's real estate commission if they will be accepting such cases, for example is on Texas Real Estate License
Do you need an electrician's license to work for yourself?
You have to get the building inspected and they will need to see a license to approve the building. You could just not have it inspected but you could get into trouble for that.
You are an administrator for an estate can you make a home equity for the estate?
Generally, you need a license from the court to mortgage the property.
Do you need to have a real estate license to own stock in a real estate firm?
is it a publicly traded company
Does a designated officer of a licensed real estate corporation need a real estate license?
Having the license would certainly be an advantage in real estate, which is a business with a lot of gray areas of ethics.
Do you need a real estate license to rent apartments in Chicago?
yes
