Should I Become a Real Estate Agent?

4 Replies

My DH and I are looking into buying 4-5 rental properties over the next five years. We have the down payment for the first one and have started looking to purchase. We are working with the real estate agent who sold us our home. I am considering getting my real estate license so that we can do it ourselves and save the commission fee. We are in Florida. Is it common to do this? Do I need a broker - is it common for brokers to work with people who are just buying homes for themselves? How would I find this broker?

Thank you for your help. Any information is appreciated.

@Ashley B. - In IL is costs me about $1500 - $2000 a year to maintain my license after fees, insurance, MLS, ect. So if you think your commission will be more than that then go for it!

Looks like you can be a sales associate, so your license would be under a broker.  Expect them to take about 30% of your commission when figuring out the calculations

http://www.ifrec.com/courses/licensereqs.htm

Medium second city real estate logo   white close upBrie Schmidt, Second City Real Estate | [email protected] | http://www.SecondCity-RE.com | IL Agent # 471.018287, WI Agent # 57846-90 | Podcast Guest on Show #132

@Brianna - Is it common for a broker to take on someone like me?

I'm intersted in seeing responses to this question also, because I'm told constantly to get my license, not for saving commissions, but for MLS access and writing my own deals. (I'm not quite sure, but they all say get your license ASAP)

@Ashley B.  

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Raymond

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