Quote:
Originally Posted by BMW F22
Quote:
Originally Posted by qba335i
Slightly off topic? Would it make sense to get a RE license before you buy a new property? 1M purchase will be 50k total commission, so we are talking about 25,000.
How long are the online classes? The test must be pretty easy.
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You don’t really need a license to buy a home. It’s just a lot easier if you have an agent to walk you through things. Also, if you get a license, you’ll need to work under a broker for 2 years (at least in California) when doing any kind of deals. You can represent yourself as long as you disclose it. |
I was talking about being able to save/make 50% of commission as you will be representing yourself and taking the buyer-representative cut.
I was looking at some pre-construction condos here in Chicago and just wondered how that would work. With condos starting at 1M we are taking about 50k total commission. You can take 25k if you represent yourself as a buyer, the other 25 goes to the agent representing the developer.