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You need a real estate license in order to help others buy/sell other people's real estate and accept a commission for doing so. Showing rental property is not a problem. My knowledge is based on practice in MA a few years ago.
Sort of like selling you own house. You don't need a license.
In most States, (I've been a lisc broker in 3 over the course of 30 years) you do not need to be licensed to be a rental agent for a specific property owner or yourself...like in an apartment building...where you only provide the service for that owner, essentially working as the owner.
If you hold yourself out to the public as a rental agent, or provide the service to many owners...then you need to be licensed.
Additionally, many States allow the payment of finders fee's to non brokers, and have special rules allowing non agents to "show" properties, for example at open houses, as long as they do nothing more than that.
Yes... It is illegal. Unless you own the property yourself it is illegal to sell real eatate of others and take a commission for it. If you work for a company that sells real estate they would know this. ONLY a LICENSED BROKER can pay a LICENSED AGENT. You can not show the property either. I am a licensed real estate agent. There are many state laws involved in the sale of real estate. Beware this can and will cause many problems for you and the potential buyer. The only compensation you can receive is an hourly wage from the rental agency if you work for one.
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Do developers need real estate licenses?
Most states do not require developers to hold real estate licenses
I have a few rental properties all rented out. Would like to get cash out of them to pay off some other bills. How hard is this to do?
You'll need to sell your properties, or take out an additional mortgage. How hard it is to do depends on your local real estate market and how much equity you have in the properties. Consult a real estate agent for help.
Do Real Estate Agents require a license?
Real estate licenses need the passing of state and national exams.
Do you need a real estate license to find a rental for someone for a fee?
yes
Do you need a real estate license to manage apartments in Kansas?
No, you do not need a real estate licence to manage residential properties in Kansas; however, you do need one to manage commercial properties (unless you have an ownership interest).
How Much Money Do I Need to Get Started in Real Estate Investing?
The Cheapest Option: REITs—$1,000 to $25,000 or more ... Moving up the Cost Ladder: REIGs—$5,000 to $50,000 ... Investing in Rental Properties—$100,000 or more ...
Who pays real estate rental commission?
You need to check any contract you signed to find your answer.
Where can I find rental housing by the beach in San Diego?
Many landlords place their rental properties online on sites such as Craigslist. Chances are you can find what you need on that site.
Do you need a real estate license to rent condos in Hawaii?
The Hawaii State Legislature's Web site references an entry in the Hawaii Revised Statutes, as: "... 467-7 Licenses required to act as real estate broker and ...salesperson..." where you can find more detail about the licenses required.
Where can I go to find a rental home in Salt Lake City?
You can check online to find rental homes in your area. You can also contact a local realty company to find rental homes in your area. Many landlords place their rental properties online on sites such as Craigslist. Chances are you can find what you need on that site. THere are numerous rental properties in Salt Lake City available for rent.
My uncle has died and his house is part of the estate under probate. can we rent it out when it is still under probate?
Yes, the executor of the estate may do what they can to insure the value of the estate doesn't lose value. But the estate will need to file a tax return for the rental income.
Working With Real Estate Agents to Find a Rental?
Real estate agents are in business to help people who have property for sale or rent find people who need to buy or rent property. They can be very useful when you are searching for a rental property, especially if you are new to the area.Find Better Listings to Suit Your NeedsMost real estate agents will show you a list of homes or apartments that meet the needs that you have told them about. They may also show you some listings for properties that don’t meet your requirements precisely but may be interesting to you based on your conversations. The agent has access to several different homes in the area, which saves you the time of thumbing through newspaper classified ads or online search engines. The real estate agent will also be able to tell you a little bit more about each property than you would be able to discover on your own.The Agent will Negotiate with the OwnerWhen you find a few properties that seem perfect, the real estate agent will probably take you to see the properties yourself. Working with an agent will give you full access to the interior and exterior of the home so that you can fully examine it. Without an agent, you would need to contact the owner to set up an appointment to visit the home. The real estate agent acts as a mediator between you and the owner so that you do not feel any extra pressure to rent the property as you walk through it the first time.Faster and Easier than on Your OwnWhen you approach finding a rental property on your own, you will be faced with hundreds of different listings that all look similar. It can take quite a lot of time to sort through the listings until you find the properties that best suit your particular needs. A real estate agent can help you skip the mistakes and experiments of tracking down your own rental property and lead you directly to properties that you would be interested in. Working with an agent is the fastest and easiest way to locate rental properties.
