Do You Need a License to Flip Properties?
You often hear about people who are studying for their Real Estate License. Does this mean that you need a license to flip properties? The answer to this question is a resounding no! A Real Estate license is issued by the licensing agencies of the individual States for the purpose of regulating agents. The definition of an agent is someone who is acting in the interest of someone else. If you are acting for yourself, you are by definition not an agent and do not need a license. This type of reasoning is very clear in some of the wording of the individual State’s license regulations. It is called “for another” language. It clearly states that you must be acting in the primary interest of another to be covered by the regulation. Other States do not specifically use the “for another” format in their regulations, but these States refer to “acting in your own interest” to exempt you from the licensing requirements. In order to understand why it works this way, you need to understand the pur
