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Does it matter that a "buyer-broker" is licensed in one state but working in another?

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Steele Propp, "steelep"
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Steele Propp, "steelep"

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In most instances one does have to be licensed in the state that they are working. The exception would be states that have a reciprosity agreement with another state. That would allow one to work in another state that recognizes his/her state's real estate license.

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June 09

Lawrence Tollenaere, "Lawrence Tollenaere"
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Lawrence Tollenaere, "Lawrence Tollenaere"

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It certainly matters. Of course, the buyer broker has to be licensed in the state they are working. They can however take a referral fee for a property sold anywhere, by any broker. - Lawrence

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June 09

Michael Emery, "MikeEmery"
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Michael Emery, "MikeEmery"

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As long as the broker is licensed in the other state too.

In Minnesota there are agents who are licensed in Minnesota as well as Wisconsin. If you are an agent that is licensed only in Minnesota and you have a client that wants to buy in Wisconsin, you would need the assistance of a Wisconsin licensed agent.

Some states have reciprocity agreements with adjoining states which make it easier for agents to be licensed in other states California has no such reciprocity agreements.

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June 08

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Does it matter that a "buyer-broker" is licensed in one state but working in another?

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Question Is is legal to redo past tax returns in order to qualify for a loan?

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