Thinking about getting a real estate license but I find buyers for a rent to own group now. Would that be a conflict of interest?

Asked by kathykyzer, San Francisco, CA Sat Sep 7, 2013

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Don Tepper, Agent, Burke, VA
Sat Sep 7, 2013
Not necessarily. Not probably.

What would happen is that your duties and responsibilities to potential tenant-buyers would go up even if you were still working with them as you previously had been. There are duties and responsibilities that come (legally and ethically) with being an agent (or Realtor) that you don't have otherwise. And that's not a bad thing, and that's no criticism of what you're doing now. It's just that you'd have an overlay of additional responsibilities.

That's an element of a long-running debate among investors about whether it makes sense to become licensed. Some say no--it's not necessary. Others say yes--it gives you far more tools and gives the people you're dealing with a greater sense of confidence and security.

Suggestion: Talk to several brokers. (Not real estate agents, but real estate brokers--the "boss" of a real estate office.) You'd be doing that, anyhow, once you got your license. Find out how they feel and what suggestions they'd offer. Try to identify some investor-friendly brokers in your area to talk to. (It seems that Keller-Williams has a lot of investor-friendly offices, though I know that other companies do, too.)

Hope that helps.
1 vote
William Lowe…, Agent, Charlotte, NC
Sat Sep 7, 2013
Not certain about California laws but from what I have learned ,as long as you disclose your are licensed to all parties then you are breaking no laws. Review the board of Realtors Ethic policy if you have the intentetions of becoming a Realtor .
1 vote
, ,
Sat Sep 7, 2013
probably, but you should refer to agreement with current employer, then consult your attorney because a mutually beneficial arrangement is feasible, depending on the circumstances, in my opinión.
1 vote
thank u
Flag Sat Sep 7, 2013
Daniel Fisher, Agent, Charlotte, NC
Sun Sep 8, 2013
Good morning, Kathy:
Getting a license will generally open more possibilities for you. There will be more disclosure requirements, but the involvement of a Realtor is not a negative for most of the general public. It seems unlikely that being licensed would increase or decrease any conflict of interest you currently have in what you are currently doing - although you will need to be clear about agency and who you represent when you are a Realtor. In NC you will also have to work within the policies of a firm for a couple years until you have enough experience to become a broker of your own firm. If you appreciate an answer, please give thumbs up. For the most helpful answer, please say thanks with a best answer click.
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My NC Homes…, Agent, Chapel Hill, NC
Sat Sep 7, 2013
Absolutely there's no conflict of interest and if your employers feel there is then you should look for different people to work for which you may wish to do anyway once you get a license. The only consideration for you is that if you have a license you have a license to lose, while now if a buyer is unhappy with you their only recourse would be to take you to court. Unless you're attached to your current position if you're interested in being licensed then by all means I'd encourage you to pursue it.
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