Becoming your own RE Agent?

[Erin Attwood]

Hey BP fam!

Still new to this and learning away, but the topic of becoming an actual agent or not is interesting to me and I like the idea of having access to the MLS and having one less person to rely on in such a valuable position.

However, I also love delegation and understand that it's not a good idea for me to try to do EVERYTHING!

So... If you'd like to share your thoughts, insights & opinions on becoming a real estate agent for the purpose of investing only, I would love to hear!

Cheers!

[Russell Brazil]

1) The MLS isnt all its cracked up to be. Im a full time agent in the top 1% of the profession, and I almost never use the MLS.

2) Maintaining a license is more costly than people think.  Licensing fees, e&o insurance, mls fees, board fees, electronic lockbox fees, brokerage fees, continuing education, plus oversite requirements of going to sales meetings. Its thousands of dollars per year. $3-5k per year just to maintain the license.  Thats one of the reason that 87% of people whp get a license wont have one within 5 years.