Posted by Elizabeth Soliday on 6/3/07 1:49am
Msg #193406

Getting my RE Broker License

I plan on continuing as an NSA, because I don't have a client base and I am anticipating a slow start. Any suggestions, including dos and don'ts, on having both jobs?

Reply by JK/TX on 6/3/07 6:33am
Msg #193409

don't be the NSA in one of your own R.E. transactions...... would be self serving ?? conflict of interest ?? IMO..... check the laws w/in your state.

Reply by BrendaTx on 6/3/07 10:49am
Msg #193424

Re: Getting my RE Broker License JK...I agree, but...

I don't think it's a conflict of interest in some states.

I feel it's a conflict to do that, but you know, if you think about it don't the local banks do it? I mean...if they do a mortgage loan they can sign the documents at their brick/mortar office...and in Tx when there is a transaction where the attorney represents the seller, the attorney or the staff of the attorney can notarize the buyer (or vice versa) without conflict being assumed.

I don't know for sure about this...just my observations.

Reply by JK/TX on 6/3/07 11:11am
Msg #193430

Re: Getting my RE Broker License JK...I agree, but...

I agree w/everything you said...in fact, everyone in a transactions (normally) has an interest in it funding...... my post was my opinion and I should have better clarified it as such..... I have seen in the past years, R.E. agts. as the POA for their sellers. But recently, the agts. have told me they have been advised by their Brkr not to accept this duty (don't think I would have been a POA either) and I know some title co's underwriters will not accept the POA, they don't want to be dragged into some time consuming/high cost/PITA litigation....BUT BACK ON TOPIC.... I think it's a CYA precaution (maybe)... I, personally, would not do it, BUT I'm sure I could find some post-pal on this forum that would help out getting my client signed-up :O)

Reply by Lisa Prestegard on 6/3/07 10:15am
Msg #193420

Brokers license or salespersons license?? n/m

Reply by Elizabeth Soliday on 6/3/07 2:51pm
Msg #193452

Broker

In Oregon, you have to get a broker's license and work under a Principle Real Estate Broker for 3 years before going out on your own (if you choose to). It consisted of 6 college courses for me.

You cannot just be a salesperson here anymore (unless you already were one, then you have to update your education).

Reply by Lisa Prestegard on 6/3/07 7:37pm
Msg #193470

I'll send you an email, Elizabeth n/m

Reply by Ndwa on 6/3/07 3:47pm
Msg #193457

Re: Brokers license or salespersons license??

Oregon have gone away the title "Salesperson" and call every licensed RE agent a Broker, kinda dumb IMO. Then there are designated and principle brokers.