Re: Getting Started / Real Estate License / Texas laws - Posted by Eric C
Posted by Eric C on November 05, 1999 at 24:31:19:
Hi there Len -
Besides being Texans, it seems we have some other common interests. I also have (and still do) consulting with companies both large and small.
My brother has held a Texas Broker’s license since 1987. He feels somewhat like you do about it. It was a lot of work to get (and some work to keep) but he sometimes views it as a liability.
I don’t. But then again, I’m not the one with the license. In many (most)situations, I disclose to property sellers right up front that I’m there to make a profit – plain and simple. I’m not there to be their friend or “rescue” them from foreclosure. I’m there for me.
I can’t say that it’s really hurt me. In fact, a lot of folks refer me to others saying that that I was the only one who told them the truth. So, I don’t have a problem with disclosures.
I’ve been involved with notes for almost twenty years. Take my advice and take John’s course. It will save you years of frustration and agravation.
I purchase things for my own account. I rarely sell. When I do sell, it’s to raise money to buy something else. Both RE and notes are fantastic businesses that complement each other well.
If you have the disposition to be a “problem solver” (and most consultants do), then you should do nicely for yourself.
I wish I could say something good about being a Broker, but I’ve never been one – not any kind, not in RE and not in Notes.
Your background as a consultant should be very useful to you in other ways. Just as I learned my way around a corporate boardroom, I also learned to speak “banker”. It’s a very lucrative talent, I assure you.
If you have specific questions, just ask.
PS - As far as Note Brokering, Texas has not had any licensing requirements to date, but I heard something a while back that makes me think that may soon change.
Texas often follows California and Florida as far as new “regs” go. And I think both require some licensing and or net worth requirements.