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Updated about 8 years ago on . Most recent reply

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Nirzhar Kar
  • Edgewater, NJ
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Realestate agent question for investments

Nirzhar Kar
  • Edgewater, NJ
Posted

So i am thinking about getting my license so it can assist me on my investments. I will be flipping houses so i figured getting my license can help with seeing MLS and houses that i can invest on. Also i can save money on closing costs. But the question i had is that will i have to work for a broker to get access to all those things like mls site and other realestate leads possible to invest on? And will i be able to save on my closing costs by being my own agent if i dont work for anyone? I really am not planning to work for anyone but just use the license to further my investments. So can someone clarify on all of this?

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157
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Dustin Frank
  • Real Estate Agent
  • Kansas
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Dustin Frank
  • Real Estate Agent
  • Kansas
Replied

If you get your license you will have to work under a brokerage for a while before you can go out on your own "in Colorado it's 2 years." There are a variety of brokerages to choose from, you would be looking for a brokerage that offers very little training and support but may only charge you a couple hundred dollars per transaction as their cut. When I say "club" I'm talking about a network of people. Obviously you don't need a license to form a good network of real estate agents and investors but it's definitely another network. The day I joined I was told to join "this private forum and that private forum, and go here to get advice from people in the agency etc"...those forums and networks are full of brokers who are asking other brokers how they should market/ sell to investors/ find buyers next week when they list it in the mls....if I was in a position to purchase this would be a great asset. Spot the gems before they hit the hot sheets!

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