2007-01-21 03:19:08 · 4 answers · asked by LS 1 in Business & Finance ➔ Renting & Real Estate
You don't. You need a license to do business as a real estate agent.
2007-01-21 03:28:00 · answer #1 · answered by Eva 5 · 0⤊ 0⤋
It's the governments way of making sure that the Real estate agents and brokers who are handling all the major real estate deals understand real estate law. To get your license you have to have passed the pre-licensing course AND the test, which is 1 part national laws and 1 part state specific.
Do you want an agent whose never studied real estate law and doesn't understand that if your fence is on someone else's property you can be sued for trespass? What about the fact that a seler cannot knowingly sell a house with a leaky roof if he doesn't disclose the roof?
Anyway, its just to ensure that they are professionals with SOME knowledge. The license test/course DOES NOT cover a scrap of the paperwork that is actually used in the sale-- that's taught to them by their brokers/real estate office.
2007-01-21 12:10:58 · answer #2 · answered by Anonymous · 1⤊ 1⤋
I don't need a real estate license.
You will though if you're planning to sell and yield compensation for the sale.
2007-01-21 11:45:59 · answer #3 · answered by ☼High☼Voltage☼Blonde☼ 4 · 0⤊ 0⤋
you need a real estate license to sell property that does not
belong to you and to receive compensation for such sells.
2007-01-21 11:23:08 · answer #4 · answered by dgreer58 3 · 0⤊ 0⤋