FINALLY getting my RE License

5 Replies

Hey BP, im going to be completely transparent with you and hopefully this helps someone. 

Two things I want to highlight 

1. Be careful who you take advice from 

2. Ego is your enemy 

A few years ago when I was introduced to Biggerpockets I met an investor who advised me against getting my license because of the laws when it came to doing certain deals and because I knew the size of his portfolio I took his advice. Well, just because something works for one person doesn't mean it'll work for you too, still do your due diligence just like anything else in life. 

Where my ego started becoming my enemy is when I was meeting other people at real estate meet ups and they were talking about getting their license and I guess you can say I looked down on them in a sense because I had gotten advice from this big, bag investor who advised me against it. 

Well 4 years later, a few of them have done multiple deals because they weren't just official meet up attendees with no real money or resources, they were actually in the game because they emerged themselves in the world of real estate at the most entry level possible. People think wholesaling is the easiest way and they could be right, but if you ask me, getting your license and finding a investor friendly firm to work for has to be the easiest of them all. 

You don't have to bug people to take them to coffee when they have no idea who you are or if you're a real player or not because you're right there in the same fight as them, you're now just where they were when they first started and now they'll be more open to helping you because now you're also a resource to them, especially once you find your first deal, more than likely they're going to be the person you JV with.

I believe those 4 years did me some good in the grand scheme of things because now im more mature and educated. So i'll be taking my exam next month and getting heavily emerged into the real estate industry.

I'll keep everyone updated on my progress. 

Good luck for your exam. I believe part of getting the RE Agent license is to have a broker sponsor you. Can you share any tips on how to approach a broker to sponsor? Moreover what does this sponsorship entail? (I assume the broker doesnt need to spend any money but its more of a getting an agent under his/her wing? )

Originally posted by @Amit Ronghe :

Good luck for your exam. I believe part of getting the RE Agent license is to have a broker sponsor you. Can you share any tips on how to approach a broker to sponsor? Moreover what does this sponsorship entail? (I assume the broker doesnt need to spend any money but its more of a getting an agent under his/her wing? )

 Amit, 

Try out your local REIA club and ask around to see who's an investor agent. Then just have a brief conversation with them about their firm to see if they fit what you're looking to do.

Personally, im staying away from the big firms and looking at going with more of a local firm who's Owner/Broker is also an investor themselves, that way we're all speaking the same language. 

I've found it challenging trying to talk to an agent who isnt an investor nor works with investors.