I'm thinking of getting into investment with some other people. The most common way to see places in Massachusetts is by going through INFO Pass to get access to properties (agents usually do this for you). I believe they ask for your license info when you do that. I need to cut out the middleman. So I was thinking of take a real estate course and take the exam to be licensed. 1) If I get licensed as a real estate agent, can I show properties to myself and other people? 2) Do I get the commission for showing/facilitating these places (this is not my goal but thought I'd ask)? 3) Once I find a property I like, does a broker have to be involved? I just want to put in my offer on my own or with a lawyer.Thanks!
An agent that is not a broker MUST work for a broker. He/she can not act on their own.
If yo are a broker you can list, sell and do the closures. you must be broker to run a real estate office. If you only have a license you must work under a broker.
Yes, of course a broker is involved, they are the ones with the actual real estate license. An agent only has a license to work for a broker, they are not off on their own. Brokers are involved with all deals, it is their job to make sure everything is legal about the transaction. The commission is usually split between the agent and the broker, with the split determined by how experienced the agent is and how much time the broker needs to spend holding their hand. You only receive commissions when deals close, not for showing property, but getting the deal from start to finish.
