What restrictions does a Realtor License impose on an Investor?

[Patrick Saco]

Absorbing every bit of info possible on REI. The two main strategies I will use are wholesaling & lease options/options.

I want to know whether or not a Realtor License would be beneficial to those strategies or would it impose restrictions in trying to make those deals?

The reason I am asking is because I see some members mentioning how much they saved by having the license but on the other hand it seems like having a license restricts the flexibility in any deal you are able to make.

[Jesse Tsai]

As Ned said, being held to a higher standard is a major disadvantage. This alone was enough for me to give up my license as well.

Another disadvantage is that many bank's won't pay commissions when you are your own agent. Teaming up with a licensee, and splitting the commission somehow will ensure you don't lose out on this.