Expert, localized Los Angeles answers provided by Heather Roy

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Inactive License

  I have my realestate license in bank but am looking for my mom in helping her to buy a house. Can I be compesated from the realtor since my license is valid even though I am not working as a realtor right now?
 
  If you have an active broker's license, you can legally be paid for real estate services.  If your license is inactive, it doesn't qualify.  If you hold a salespersons' license, you cannot receive money directly, but only through your supervising broker.
    Edith
Originally published on August 18, 2008
 
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