To be or not to be: a real estate agent

[Theresa Schmiedel]

I am brand new to real estate investing (education phase) and am curious to weigh in on others' opinions on whether or not it is worthwhile to get my real estate license? Any and all insight is appreciated! Thank you and I look forward to growing in this community & making lasting connections.

[Russell Brazil]

Lets look at typical cost to maintain a license.

MLS - $1,000
Realtor Association - $1,000
E&O Insurance - $900
Sentrilock/Suprakey Access - $300
2 Lockbox Purchases - $400
Licensing Fees - $200
Continuing Education - $250
Increase in Auto Insurance - $300
Miscellaneous Brokerage Fees - $1000

$3,000-$6,000 a year to maintain a license that the majority of people dont use really explains why 87% of people who get a real estate license do not have a license 3 years later.