Pros and Cons of getting a Real Estate License

New to Real Estate · Austin Texas · Member since 2020 · 8 posts · 1 vote

Hi all,

I wanted to hear some pros and cons of obtaining a real estate license for a beginner investor.

I am 23 and have been interested in getting my feet into the game for some time. My thought is if I get a license it will allow me to have a better understanding of the market, make connections with wholesalers, contractors, other investors, etc. In addition, I would be on track to obtain a broker's license down the road.

I live in Austin Texas and currently have a W2 job as a property manager in student housing.

Looking forward to being a part of this community!

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Jordan MoorheadBusiness Member

Real Estate Agent · Austin, TX · Member since 2015 · 5k+ posts · 3k+ votes

@Zachary Sumskoy I recommend getting it if you're looking to work full time as a Realtor. If you aren't I wouldn't. It costs money, takes time and brings liability because you're expected to know the law.

It really won't help making connections in the REI industry either. The real estate sales person courses don't teach you anything about REI. Your current role will teach you much more!

That being said if you decide getting a license is right for you, reach out. I can help you get the pre licensing courses for free.

[email protected]512-888-9122

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Bruce WoodruffPro Member
Contractor/Investor/Consultant · San Diego / Phoenix · Member since 2021 · 12k+ posts · 15k+ votes
4y
Do a search, this gets asked every day.
But there are no pros to getting one if you're just going into investing for yourself. Other than the knowledge you might gain of course.
Some people think they can save the buyer's agent's commission, but it's easy to just go without a Realtor and do it yourself anyway.
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Chris MasonPro Member
Moderator
Lender · CA · Member since 2015 · 9k+ posts · 10k+ votes
4y
If you need to ask, it's probably not worth the hassle.
There are 100% REI who get their real estate agent license, and benefit from it. A common characteristic is that they don't need to ask the question, since the answer is obvious to them.
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Jordan MoorheadBusiness Member
Real Estate Agent · Austin, TX · Member since 2015 · 5k+ posts · 3k+ votes
4y
@Zachary Sumskoy I recommend getting it if you're looking to work full time as a Realtor. If you aren't I wouldn't. It costs money, takes time and brings liability because you're expected to know the law.
It really won't help making connections in the REI industry either. The real estate sales person courses don't teach you anything about REI. Your current role will teach you much more!
That being said if you decide getting a license is right for you, reach out. I can help you get the pre licensing courses for free.
[email protected]512-888-9122
The Moorhead Team5140 Reviews
Website View Page
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Bud Gaffney
Rental Property Investor · Boston, MA · Member since 2019 · 2k+ posts · 1k+ votes
4y
@Zachary Sumskoy access to mls and tons of real estate pros
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Bruce WoodruffPro Member
Contractor/Investor/Consultant · San Diego / Phoenix · Member since 2021 · 12k+ posts · 15k+ votes
4y
Originally posted by @Bud Gaffney:
@Zachary Sumskoy access to mls and tons of real estate pros

Why do you find the MLS a pro? When I have been offered access to it by Realtors or friends, I usually end up using a platform like Zillow anyway.....I just don't find any benefit to it nowadays......30 years ago, of course, but not now.
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Danielle Jackson
Phoenix, AZ · Member since 2021 · 504 posts · 282 votes
4y
It certainly has its benefits. But is it necessary to be successful? No.
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Zachary Sumskoy
OP
New to Real Estate · Austin Texas · Member since 2020 · 8 posts · 1 vote
4y
Thank you everyone for the feedback!
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Raj Patel
Investor · Greenville, NC · Member since 2017 · 12 posts · 6 votes
4y
@Zachary Sumskoy, I find benefit in every opportunity to learn and grown your knowledge base. So if that means you pay for the course and go through with actual licensing, then I say go for it. If that means you borrow the books for free from a friend and read them to gain the same knowledge but don't get licensed, then I say go for it. Either way you will come ahead with new information that you did not have beforehand. I am actually going to take the course in a few weeks for this same reason, to increase my knowledge base.
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