Bad Credit Agency

Do I need good credit to have a profession in NYC Real Estate?

I am about to start looking for a real estate salesperson job, but my credit rating is a little sketchy and I'm worried about whether the agencies in NYC tend to do credit checks on their employees. Otherwise, I have no criminal record and can provide good work/personal references. Responses on your company policies re: employee credit checks from those working in Manhattan would be appreciated, however if you're located elsewhere and can tell me about your hiring, it would be welcomed and greatly appreciated as well. Thanks! The reason why I asked is because in my real estate classes I got the impression that when the renter signs the lease, they hand off to me a commission check for the broker to deposit and pay out, as opposed to having to deal with escrow accounts for earnest $$, etc. in traditional sales in which I wouldn't deal with any physical money until the broker pays me. Thanks again for the replies.

Public Comments

  1. Real Estate Agencies Do Not check your credit. They really have no reason to. The only way you would need your credit checked is if you are planning on investing in real estate. And by the way- it shouldn't be hard to find a broker that will accept you. If a a broker has desk space they will hire just about anyone who has a license. The key is to find a company that will train you correctly. Some of the companies I recommend are Weichert and Keller Williams.
  2. You aren't dealing with money directly and selling a product you can't really steal, so you probably don't have to worry as much about your credit rating. HOWEVER, your credit rating is an indication of how financially responsible you have been. I understand that everyone has a different life situation, but I'm just telling you what the credit rating is basically for.
  3. Check with the DLLR in your state you can find that online.
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