Real Estate License or Not?

[Brad Smith]

I know this topic has been discussed quite a bit but I think my angle is a little different.  I haven't read all the previous posts so maybe not.

I have already purchased and have been studying my Kaplan home study materials to take the exam but, in talking to a contact/friend today who is both a Realtor and an attorney, he said I'd be better off NOT getting the license.  Sure, learn as much as I can but don't get the license unless I plan to actually become an agent.  I don't/never planned to become an agent, I want to become a better investor... not sell real estate.  He says the standards are much higher for licensed realtors so it becomes a liability issue.

Should I just study the material and not take the exam???

[Rusty Scott]

Always makes me laugh when people are wary of higher standards and liability. How exactly are you planning to operate your investing that those should ever be a concern?