I am new to real estate investing. I am looking at into getting my real estate license ( I am from Michigan) but am not sure where to hold my license so that I can practice but not be expected to go out and be an actual agent for an agency. I am looking strictly to be able to buy and sell my own properties. I know some agencies frown upon this and do not hire agents that only use the license for flipping purposes. at the same time I do not want to pay outrageous monthly fees/dues. Any help or insight would be extremely helpful. Thank you.
the only thing to do is get on the phone with 3 or 4 local brokers. Sit and interview with them. Explain what you are about and what you want to do. See what they have to offer. You may be surprised at how many will be happy to bring you on.
Property management companies are a great place to hold a license with a nominal fee/commission.
There are probably investors in your area that are brokers that would do it for a small per transaction fee. Mine's at Keller Williams, but only because a close friend of mine is the broker there. Not real efficient for what we do, but there is some value to the name when selling and talking to other agents, plus I get some leads off the agents in my office.
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you
You must be a BiggerPockets member to post on the forums
Join the world's largest, most open Real Estate Investing Community online, 100% free forever!