Should real estate investors get their license?

Question

Is the time worth getting a real estate license worth the benefits? Do most of you investors have one?

Wale Lawal · Answer

@Serge DuLaudAllemans

The benefits of a real estate license are unquestionable. The advantages are well worth the time, effort, and money it would cost to obtain it. Few strategies, for that matter, can offer investors more leverage in growing their business. That said, the benefits of a real estate license are not something you can ignore; you have to acknowledge them if you want to try and realize your full potential.

Here are the five irrefutable benefits of a real estate license investors shouldn’t go without:

• You can earn extra income.
• You’ll gain access to more deals.
• Your contact network will expand.
• Your business knowledge will increase.
• You can earn commissions.

Read this article for more information https://www.fortunebuilders.co...

Good Luck!

Nathan Gesner · Answer

Buyer's Agent commissions are paid by the Seller. I assume you will be buying, so it won't save you any money to have a license.

Even as a Seller, having a license could save you money but at what cost? You won't know the market as well. You don't have the same negotiation skills. You're not an objectionable third party.

Having the best pipe wrench in the world won't make you a skilled plumber. Having a real estate license won't make you a good sales agent. Hire the professional and pay them for what they're worth.

Frank Avallone II · Answer

Hi @Serge DuLaudAllemans, I think it really depends on the situation. However, there seems to be a lot more pros than cons to it. I personally do not have it because I am a mortgage lender and have realtor partners that I work with.

If you had the time and money to get it done I don't think you would be unhappy that you did so. Even just having that extra access to the MLS could be worth it. You'll also be able to go see any house on your own time and won't have to worry about someone showing it to you. Finally you'll save money on each transaction.

Bruce Woodruff · Answer

BTW, I had a RE License briefly. Waste of time for the average investor. IMHO.

David M. · Answer

@Serge DuLaudAllemans

Here... I'll help with your search....

https://www.biggerpockets.com/...

Bruce Woodruff · Answer

Do a search, this is asked every single day.

Basic answer is NO.

Jim Pellerin · Answer

I think it depends on the volume of transactions you want to do and the type of investing. If you are a 5 deal a month wholesaler, than yes. Especially in states that require it to do wholesaling. Like Illinois.

If you are a one every 2 year buy rent and hold investor, than no.

Should real estate investors get their license?

Should real estate investors get their license?

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