How to Get a Real Estate License And Why Should I Get One?

Question

I live in ALLENTOWN, PA and i would like to know where should i go to get a real estate license and why should i get one. i found out that i need 60 hrs of education in PA but some people say i don't really need one. i want to know your opinions thanks.

Chris Feltus · Answer

@Yancy Santana You seem to be somewhat scattered and have no clear goal. I read your previous posts about not knowing where to start with real estate.

Before you even consider getting your license, what are your goals both short term and long term? How does having a license help you complete these goals?

Having your license can definitely help you whether your goal is to wholesale, flip or rent. However,  keep in mind it takes time and money to become a licensed agent. Then to remain active and have access to the MLS it will require monthly brokerage cost, quarterly dues, annual membership renewal fee's etc.

Make a plan, take action, remain committed and reap results.

Tom Mozzone · Answer

I live in California but I'm sure the situations are fairly similar. Each state does have its own licensing situation though.

There are online programs you can sign up for to take the classes and sometimes local community colleges will sometimes host classes that you can take.

The reason for getting your license would be:

1 - Make a bit of money when you buy a property

2 - Save some money when you sell a property

3 - Have access to the local MLS

Reasons not to get a license:

1 - Costs time and money

2 - You can have a real estate professional working for you freeing up more time for you to work on other things.

3 - You have to disclose just about everything in most states when you buy or sell a property, including that you are a real estate agent. If a deal ever went sour and to court for any reason, you would be seen as the professional and possibly seen as taking advantage of the other person.

The choice is up to you if you want to get your license or not. It also depends on the type of investing you pan on doing along with the way in which you want to do it.

I hope this helps you out a bit.

Simon W. · Answer

Yancy,

It depends what you want to do. I was at one time thinking about it, but I rather just focus on what I need to do first. So I decided to skip it.

Yancy Santana · Answer

thank you that did help me a lot actually @Tom Mozzone

Yancy Santana · Answer

@Chris Feltus

thank you, you are right, i will make a plan for my short term and long term goals

How to Get a Real Estate License And Why Should I Get One?

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