Do I need a real estate broker’s license?
sawsaw asked:
I want to start a business in which I match tenants(car owners needing parking) with owners of garage parking spots. Would I need a broker’s license to conduct this business in Illinois? I would pretty much be a third party very similar to an apartment location service.
So what sort of license would I need if I went into business for myself? Can I just start drawing leases up and getting paid commissions for my service from the owners? I would imagine its not that easy. I currently have an illinois leasing license but I am required to be sponsored by a broker to rent apartments for owners.
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I want to start a business in which I match tenants(car owners needing parking) with owners of garage parking spots. Would I need a broker’s license to conduct this business in Illinois? I would pretty much be a third party very similar to an apartment location service.
So what sort of license would I need if I went into business for myself? Can I just start drawing leases up and getting paid commissions for my service from the owners? I would imagine its not that easy. I currently have an illinois leasing license but I am required to be sponsored by a broker to rent apartments for owners.
May 21st, 2009 at 5:39 am
No, you can do that on your own. Getting a real estate broker license will only hinder you because you will then be forced to comply with certain restrictive rules.
May 23rd, 2009 at 12:38 am
I would not think you would, just a business license and a bond.’
You are not selling or renting land, the laws you need to worry about are few. No zoning, no habitually, nothing involving either people are land use.
Your chamber of commerce may see this differently though and refuse to issue you a business license. You may want to give them a ring.
May 26th, 2009 at 12:39 am
no you do not.