Real Estate License to invest in Texas

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Real Estate License to invest in Texas

Rigoberto Torres MezaPro Member
New to Real Estate · Dallas, TX · Member since 2021 · 21 posts · 11 votes

Currently not working in the real estate industry (I work in construction). Is it feasible to get a real estate license and is it worth it (in texas)? I understand it is a little complicated due to needing a broker (and basically you have to work for one to get 100% certified).

I understand that its not needed to invest, but my understanding is that if possible to have it, it gives you an upper hand on investing.

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Allan Smith
Contractor · Nashville, TN · Member since 2014 · 1k+ posts · 1k+ votes
4y

In what ways would it give you an upper hand? In my opinion it is a distraction from a core Focus of growing an investment business. 

I guess you would have access to the MLS, but very few investors Buy on the MLS because the deals are so overpriced. Also Buyer Agents get paid by the seller and will be glad to send you anything you want because they want to close more deals.

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  • Bruce WoodruffPro Member
    Contractor/Investor/Consultant · San Diego / Phoenix · Member since 2021 · 12k+ posts · 15k+ votes
    4y

    I had one for a while....it does very little if anything for an investor - except of course, providing you with some knowledge - which you can get anyway.

    People seem to think that it gives you an advantage by cutting out the buyer's agent, and reducing the price by that 2.5%, but this is not always the case.

    If you do some searches on the forum you will find many posts on this....

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  • Allan Smith
    Contractor · Nashville, TN · Member since 2014 · 1k+ posts · 1k+ votes
    4y

    In what ways would it give you an upper hand? In my opinion it is a distraction from a core Focus of growing an investment business. 

    I guess you would have access to the MLS, but very few investors Buy on the MLS because the deals are so overpriced. Also Buyer Agents get paid by the seller and will be glad to send you anything you want because they want to close more deals.

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  • Bruce WoodruffPro Member
    Contractor/Investor/Consultant · San Diego / Phoenix · Member since 2021 · 12k+ posts · 15k+ votes
    4y
    Originally posted by @Allan Smith:

    I guess you would have access to the MLS, but very few investors Buy on the MLS because the deals are so overpriced. Also Buyer Agents get paid by the seller and will be glad to send you anything you want because they want to close more deals.

    Exactly, The MLS used to be a big deal, but not any more. The other platforms actually have some advantages over the MLS...

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  • Bruce Lynn
    Real Estate Broker · Coppell, TX · Member since 2011 · 5k+ posts · 4k+ votes
    4y

    I don't think you need a licensed to be a good investor.....perhaps though it depends on what you want to do with it.   I think great agents can become great investors if that is their goal (although probably most don't).  However I also think you can be a great investor without becoming an agent.

    We do have a free online licensing training program now with my broker.  Of course we want you to join our brokerage when you finish and become a productive agent when you finish the course.

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  • Rigoberto Torres MezaPro Member
    OP
    New to Real Estate · Dallas, TX · Member since 2021 · 21 posts · 11 votes
    4y
    Originally posted by @Allan Smith:

    In what ways would it give you an upper hand? In my opinion it is a distraction from a core Focus of growing an investment business. 

    I guess you would have access to the MLS, but very few investors Buy on the MLS because the deals are so overpriced. Also Buyer Agents get paid by the seller and will be glad to send you anything you want because they want to close more deals.

     What other platforms?

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  • Paul Blair
    Real Estate Broker · Dallas TX · Member since 2021 · 28 posts · 11 votes
    4y

    It's not necessary to have a license to invest in real estate.  There are few ways it can help you, and that involves working as an agent and selling properties for others, while you invest on your own.  Really if you don't plan on working as an agent it may not be worth it.    I have a brokers license in multiple states and work as a broker.  However my license does't always do me any good when investing. 

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  • Wale LawalBusiness Member
    Real Estate Broker · Houston | Dallas | Austin, TX · Member since 2018 · 5k+ posts · 2k+ votes
    4y

    It is not necessary as an investor. As long as you find an investor agent, they will take care of you.

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