You need a real estate license if you are planning on representing either buyers or sellers in the purchase or sale of real estate. It may be in your best interest to work with a real estate agent who is familiar with buying and selling homes (i.e. flipping homes) or if you are savvy at finding great deals you can wholesale your properties to other investors/ buyers w/o a license as long as you are principal or active member of the LLC who holds title.
Example, you can go out as an individual (or LLC) and buy properties all day long. As an individual you can be a FSBO with your own properties and not be licensed. As an individual you can hire a licensed person to act for you and be completely legal as well.
When you start to assist others you then cross over quickly into needing a license.
I'm not exactly sure what you want to do? Are you more interested in the buy and sell or being a Realtor?
I think I confused myself tonight! HA
Arizona Homes for Sale by a Guy from Iowa
Hopefully others will contribute and help you out as well.
If you are borrowing , you lender will most likely not make a loan to the LLC. They want you on the hook, but you may be able to transfer the property into LLC after the fact.
You can find LLC formation forms at
LLCs are formed and blessed by the State to conduct business. To Form an LLC see http://www.azcc.gov/divisions/corporations/filings/forms/index.asp
The Real Estate License requirement come into play when you are helping buy or sell property which you do not personally own (ie. your name is not on title or you are not a member of the LLC ).
Hope this helps.
No you don't, However Nick from Gibert did a great job explaining and giving examples.
If, you have other question regarding LLC and Licenses in the state of Arizona please, contact
a real estate attorney.
Phyllis JC Anderson, GRI
Liberty One Realty