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Anyone in Southern California have a loan or real estate office that needs a broker on staff?
I have my broker's license and am looking to "loan" my license to a company who needs a broker's license, in exchange for a % of each transaction. Anyone interested?
I realize that there would be liability on my part. I would actually want to sign off on all closed transactions before any checks would be issued to agents in order to do this.
3 Answers
- sophiebLv 71 decade agoFavorite Answer
in our state we had two organizations for realtors, salespersons and brokers. Why not call the president of those organizations and ask them if they have their ear to the ground and heard of any brokers who were making a change. I don't know that you can "loan" any broker's license because the broker must be there on the property since they are the overseer of everything that goes on like money held and transactions and determining transactions otherwise the sales people would be on their own (against the law to do this) and could be doing things against the law like not depositing money promptly or to the correct account and without you knowing about those things YOU could easily go to jail for their indiscretions. So I'd think what you are suggesting is dangerous.
- jenelleLv 45 years ago
We simply locked in our fee the day before today and I used to be having the identical hassle as you. Our condominium is being developed and would possibly not be completed till october and we desired a tight fee. We selected NOT to shop for a factor and locked in at 6%. We are completely satisfied with our alternative. What it comes right down to is you. If you're completely satisfied no longer purchasing a factor then do not! Most agents are simply seeking to get more cash out of you! Good success hun
- Anonymous1 decade ago
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