Do You Need to be a Licensed Realtor Before Obtaining an LLC Business License?
A real estate license is not needed in order to do this business or to obtain an LLC business license because you’re not acting in the benefit of another 3rd party. When you follow Marko’s strategies you are always a “principal” in the transaction. You are either a buyer, a seller, or in the case of a lease-option, a tenant.
It is important to note that Marko has done hundreds of deals without a license, and it is all 100% legal. None of our top coaches or students have licenses either. Furthermore, becoming a realtor just so you
can do these kinds of creative real estate deals is not recommended. Why? Because when you become a realtor, you are now held to a higher standard and have to follow rules in order to keep your license. You could have a lot more liability in a transaction if you do not disclose properly.
In addition to those complications, if you get a real estate license you will suddenly
have the Department of Real Estate (and a broker) looking over your shoulder, trying to tell you what you can and cannot do. You can avoid all those hassles by simply not getting a license. You’ll do just fine without it.
Now, if you’re already a licensed real estate agent, can you still do this business? Certainly. That’s not a problem at all. We have plenty of successful students who have licenses. Just be aware that you will need to disclose that fact when you enter into a deal and maybe on your marketing as well.