BiggerPockets

I'm thinking about getting my real estate license so that i can have access to MLS. So my question is since I'm really not interested in being an agent do the license actually have to be active and if so does that stop me from wholesaling. What would my limitations be here in Houston.

I completely understand and agree with everything you're saying. I know I can go to HAR homepage and see everything listed, however I can't see how much a home sold for and how it was purchased...you know whether it was financed or bought with cash. And I want to be able to accurately run comps. I have a property that I'm looking at now,but I'm not able to get the real comps on it. But I do understand what you're saying about the expense and the time of getting my license.

Winniferd, I think if you are purchasing homes listed on HAR, depending on the frequency you are purchasing them, having that automatic 3% commission on each purchase, and saving that 3% (if not the full 6%) on the sale can be worth the fees you would be paying. I would consider hanging your license with a 100% commission broker where your monthly/yearly fees are low and you only pay a small amount per closing to cover E&O insurance, etc. This is what I am doing, but I also work as an agent so it may make a little more sense for me. But again, if you are buying more than about $75,000 worth of real estate in a year (which is only 1 or 2 houses) then you are more than covering your fees for HAR/TAR/NAR/TREC/Broker/etc.

Hi Winniferd, I came across this post and want to welcome you to the world of Real Estate investing. I am local in the Houston area as well. Are you focusing primarily on wholesaling?