Sunday, October 21, 2012

Can I become my own real estate broker and buy my ... - Zillow Real ...

Hello Everyone I am interested in becoming a real estate investor, mainly dealing with foreclosed properties and I have been having an issue with finding a realtor who does not mind working with me with low priced foreclosed properties. I understand that they only receive 2-3% of the purchase price, and it may not be in their best of interest. So, I have thought about getting my license to become a Real Estate Broker here in Chicago, because they no longer accept just sales agents anymore. Am I able to negotiate and buy my own properties with the commission too? I know I will still have to find a sponsoring broker, and I am prepared to pay those fees to them also. How can I go about this? I have tried communicating with numerous of realtors about my plans, but they really do look down on foreclosed properties and since I find and research all of my properties myself, why can't I buy them alone? Thanks for any input and advice!

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20 hours ago - Chicago

Source: http://www.zillow.com/advice-thread/Can-I-become-my-own-real-estate-broker-and-buy-my-own-properties/464994/

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