Agent2Agent in Massachusetts>Question Details

David, Real Estate Pro in Massachusetts

Hello. I have a Massachusetts Salesperson License and have the following question:

Asked by David, Massachusetts Wed Jun 18, 2008

Hello. I have a Massachusetts Salesperson License and have the following question:
Can I legally contact people who are trying to sell their homes without any help from agents, like in the Boston Globe For Sale Section, and possibly offer them an Entry Only service?

Thank you in advance

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Answers

7
Big Deal!Here We Go- You Know How Many Licensed Salespersons There Are Out There Who Never Worked This Business Full Time.Now You Want To Jump on The "Entry Only" Bandwagon and Make Some "Quick-Cash".Stick To Your Present Job and Leave This Profession To Us.Thank You,
2 votes Thank Flag Link Thu Jul 24, 2008
Again, you MUST be affiliated with a licensed brokerage; you cannot do ANY business by yourself.

My best information is that under the Do Not Call rules you cannot call a FSBO to solicit a listing or any business. You can call a FSBO if you have a legitimate client interested in the home. Do NOT call them with the story that you have a client if you really do not.
2 votes Thank Flag Link Tue Jul 8, 2008
If you are going to act as a licensed professional you MUST have your license "hung" in the office of a Licensed BROKER who has paid the bond required by the Commonwealth. Licensees don't transact property, they act on behalf of the Broker.
2 votes Thank Flag Link Wed Jun 18, 2008
In order to be able to post on the MLS, you need to be have an active license. With an inactive license is all you are entitled to is a referral fee for any business you send to an active licensed agent. I offer out 15% for any referral that closes successfully. As a licensed agent I will not do an entry only listings. I leave that to the bottom feeders.
1 vote Thank Flag Link Wed Jun 18, 2008
you MUST be affiliated with a licensed brokerage; you cannot do ANY business by yourself.
0 votes Thank Flag Link Thu Oct 9, 2008
If you want to do this, you may risk your license or legal ramification. Speak to the Licensing Board about your venture, then you will know.
0 votes Thank Flag Link Wed Jul 23, 2008
try contacting a small local office where you can work with them as your schedule allows, if that's a concern for you. once your affiliated with your office then you can market FSBO's and such. but why would you only want an 'entry only' when you could most likely get the full listing? seems silly to me, but if you are unable to get an office affiliation then stick to referrals and BPO's when possible
0 votes Thank Flag Link Sun Jun 22, 2008
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