Real Estate:Washington State/real estate licensing

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Question
do i have to obtain a real estate license for my LLC to invest (buy, sell, and lease residential) in real estate

Answer
Yes you will need a real estate license if you want to write up NWMLS purchase and sale documents and advertise your listings on the Northwest Multiple Listing Service.
You can also use a real estate attorney.

You can employ the services of a local broker in your area who is familiar with purchasing and selling homes. They can offer a valuable service in researching title information, helping in providing referrals to contrators, inspectors, and other professionals.

Since the seller pays for commissions for both listing and selling brokers, it does not cost anything extra for you to purchase your investments properties through a local broker who is valuable in knowing the current market area.

If you are selling a property, and are using a broker,  it will generally cost 6% of sale price for commissions, 3% for the listing broker and 3% of sale price for selling broker. Commissions are negotiable.

You can lease your own properties, please check association bylaws if it is a condo to see if the number of units are limited for rentals, or employ the services of a property management company.

If you are interested in the Tacoma, Lakewood, University Place areas, please give me a call and I can help you find the perfect investment property. There are a lot of Fannie Mae, Freddie Mac, HUD homes available on the market offering deep discounts! 253-468-0043  

Real Estate:Washington State

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