Having a real estate license

I would find it hard to believe that ANYWHERE you would need a realtors license to own a home or to sell one. I would contact a real estate attorney if I were you, and find out the truth. And remember, you are buying homes and selling them, NOT representing a buyer or a seller like a realtor does. There's a BIG difference.

BTW, welcome to the DG family. It's great to have you here!

Best wishes on your REI,

Rina

I believe that what the agent is refering to, is that no one other than a licensed agent can collect compensation for selling property. I don't think there is any problem with selling your own property. I am not sure how it is legal to bird dog or assign contracts for a fee. I have asked my broker, and have not received an answer yet.

Is it a long process to get a lisence and would it help in anyway?
Also, can someone post an actual example of a purchase/sale agreement so one can see where the different information should go on it?

There is a purchase form in the "Forms and Docs" section on this web site.

I am a Realtor and an investor. I find that having a license is helpful because I never have to wait for information from my agent. I can review new listings at any time and I can get comps and reports whenever I want. I can schedule property viewings at my convenience. I am also negotiating my own deals, without a middleman. The listing and buyers commissions are another plus.

I am about to purchase my first home and i am still very nervous about it. Im going to buy a forclosure. Any firt time stories i can read for a better sleep at night?

Be sure to do a title search on the home to verify there are no leins on the property. Foreclosures are a great way to get a deal and may be a win win situation as this will help someone to get out of a home they can not afford. Try to help the current resident find a new property to own or offer a rental option on this home if they would like to still live there.

Where I am living I have seen alot of homeless people. I am renting right now and hoping to buy a house/a building to start with and later may be I can help others move into their own place. I have some money saved up but do not have good credit, do you have any suggestions for me, any one?
Thanking you inadvance for your help.

Check with your housing authority maybe they can give you some leads on how to provide housing for homeless women and children. You'll be looking for multi-family building or apartment buildings with 8 or 10 units.
Start with finding duplexes and build your way up to bigger multiple unit properties. Lease Option would be the way to go.