How much can a non-licensed real estate agent discuss to a potential seller or buyer [Archive] - Real Estate Insider Forum
 
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RBillion
07-28-2007, 01:58 AM
about buying or selling? My wife is a licensed real estate agent, I am not. However, I come from a unique sales background and I love real estate. I know many investors. How much information can I share or advise a potential listing, or buyer of hers in a real estate transaction? Or anyone in general, a family member or friend? What is allowed, what is not?Wouldn't it be similar to what we do here on answers.yahoo.com, we are offering opinions, and (in many cases) educated advice based on our knowledge, and expertise yet many are not licensed to perform certain duties as would a real estate or insurance agent would be in their respective fields.Please only offer facts, laws, and true information. Thanks!

CrispyEd
07-28-2007, 02:10 AM
You can discuss whatever you like, but since you're not licensed you can only present it as PERSONAL ADVICE or OPINION, and explain that as such. Preface it with "I'm not a licensed realtor but from what I've seen and from what I understand..." you should be fine. This is true with doctors, lawyers, or any professional. That way they know it's anecdotal experience and not profession training you speak from...

aboryszuk
07-29-2007, 07:29 PM
my wife is also a realtor(in michigan) and i am a mortgage broker, i face the same situation as you, i often discuss listing and selling property with her clients, you can discuss whatever you want as long as you dont present yourself as an actuall agent, or give the idea that you are a licenced realtor.

HelpMeSell.com
07-30-2007, 02:10 PM
You'd be amazed at what you can do without a license. Are you going to be her assistant? In my area you can go to planetrealtor.com to see all an unlicensed asst can do and it will shock you.