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February 11, 2012, 04:30:05 PM

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Real Estate Investing Forums  |  Real Estate Investing  |  Asset Protection, Legal and Contract Issues, Income Taxes, 1031 Exchanges (Moderators: $Cash$, Bluemoon06, kdhastedt, Mdhaas, motivatedceo)  |  Topic: Brokers License in California? « previous next »
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Author Topic: Brokers License in California?  (Read 1278 times)
KA
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« on: October 23, 2004, 05:38:06 PM »

Is it necessary to have a real estate brokers license in California in order to flip properties?

I have been assuming there was no license necessary.  However, California Code 10131.1 indicates that an individual who buys or sells more than 7 real estate contracts per year is required to have a brokers license.
This means that both a wholesaler and a retailer need a license if they buy or sell more than 7 contracts per year.

Please clear this up for me.
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Real Estate Investing Forums  |  Real Estate Investing  |  Asset Protection, Legal and Contract Issues, Income Taxes, 1031 Exchanges (Moderators: $Cash$, Bluemoon06, kdhastedt, Mdhaas, motivatedceo)  |  Topic: Brokers License in California? « previous next »
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