I'm considering getting my RE license. I'm sure there are opinions on both sides. What are your reasons for thinking it's a good idea or a bad idea?
Thanks in advance!
It depends on what you plan to do with it. If you aren't planning on buying multiple MLS properties or working as an agent it probably isn't worth it.
I agree with @Aaron K. . I just got my license, but I am looking to be full time in RE. I plan to scale up on buy and holds quickly and work as a buying agent for other investors. So to me it made a lot of sense.
Not sure about your state requirements, but in Oklahoma it averages around $3,000 for first time agents to get started. Then there are annual dues and fees to keep your license active. You may also have to split a lot of your commission with a broker, depending on the structure of the agencies near you.
I think having your license makes looking at and offering on properties a lot easier because you can do it on your own time. But you just need to figure out if it will be a worthwhile return on your investment or if it just makes more sense to get a really good agent that knows investments.
I would have to agree with Aaron and Cassi. To harp on the starting costs and reoccurring costs annually and monthly. If you do not plan on selling at least a $500,000 a year or buying/selling several properties a year, it would not be beneficial to you. If you are wanting access to the various data that Real Estate agents have, then connect with a good agent.
Thanks for all the advice. It looks like this isn't the time. Maybe when we're farther into it. :)