Updated over 6 years ago on .
Should I get my realtor license?
My question is whether it would be smart for me to get my realtor license at this time.
A little background on myself: I am almost 20 years old and go to the University of Tennessee in Knoxville, TN. I am currently building a real estate company with a partner where we wholesale and we are in the process of buying our first property. My goal is to begin flipping houses as well as build a multi-family rental portfolio.
Recently I have been thinking that I would like to eventually start a brokerage to add to my real estate business, at the very least it would be nice to market flips under my own brokerage. I know that you must have your realtor license (in Tennessee) for at least two years before you can try to get your broker license. Here are some of my concerns/questions:
1. I do not want to show houses daily under a broker as a real estate agent. So one of my questions is for the two years you hold your license as a realtor do you have to actively be practicing under a broker for those two years before you are eligible for your brokers license or is it just holding that license for two years that matters?
2. One reason I am interested in getting my license is it will give me another option to help a homeowner if the wholesaling route isn't best for them. Would there be issues wholesaling with my realtor license or anything related?
3. After I graduate college in 2022 it is likely that I will move to Florida or Texas. If I did, would I have to start over in terms of getting my brokers license or does your experience transfer state to state and you just need to pass the state specific exams?
I would appreciate any help, thanks!