Real Estate Investor · Savannah, TX · Member since 2009 · 19 posts · 4 votes
I was reading the Stream about Realtors and what to pay. I was curious as to why not just get your license and keep going. So, I'd like to pose a question. Is it better to invest with or without a license? Those of you that have done both I'd like to know the Pros and Cons of doing so.
I have a state of Wisconsin Real Estate Brokers License. Yet today I found myself in the office of a trusted commercial broker.
Yes, I could do commercial just as he does. However, I DON'T. He's been in the commercial business longer than I've been alive, has connections that would take me DECADES to make, and just knows FAR more about the commercial game.
I'd rather have him earn that commission and guide me past the landmines than try to chop $30k off of the price by snagging half of the commission but have to go it on my own.
A $30k price savings is NOT worth making a $500k+ mistake.
I have a real estate license and I think having one makes you more accountable and your mistakes less forgivable. On the other hand it gives you certain privileges e.g access to the mls, forms and usually through continuing ed should make you more familiar with real estate laws.
Big thanks to Steve for all of the wonderful links, as you can see by the time, Mr. Weese was correct. It did take a bit of time.
I have decided to get my license, I think the combination of knowledge and experience gained could never be seen as a bad thing, just different. It was fascinating to see the polarization in some of the posts.
I have a seperate question, and this may be more of a curiosity. Some of those threads / streams / fossilized digital conversations were two years ago. I was wondering what happened to those people like Minna who were on the fence back then and decided to go for it or not.
Was it worth it? What was learned? and what advice would be given?