Should I become a Realtor

Question

Would there be a benefit to getting a real estate licence just to have as a tool when looking at properties. Am I able to get my licence knowing full well that I am not going to actively become a realtor? I would like the benefit of being able to get more information on properties without wasting a realtors time weeding through a ton of properties.

Is this a common thing to do?

Chad Friesen · Answer

Thanks Sam

I didn't think about the dues required to maintain a license.

Sam Steadman · Answer

@Chad Friesen

I think more education and qualifications is always beneficial. However, in my opinion, any good Realtor will be willing to walk you through the process and help you find the property that fits your financial needs. Even if that is a lot of properties. They have access to MLS and automatic searches, which can allow them to weed out a TON of the properties that do not fit your qualifications and allows you to look at them before they would show them to you.

Answering your direct questions...

1st. Yes, you are able to become a Realtor if you are not going to do it full-time or be heavily active. The downside to this are the classes cost money, there are monthly dues, and yearly dues to maintain a license.

2nd. I would say this is not a common thing, but people have done it. I believe that with a license you have an advantage because you have access to MLS and more information. In addition, you will better know the paperwork and strategies behind winning an offer on a property and receiving it for a better price than you would had before.

Again, in your case, I would suggest you find a Realtor who will take the time to discuss your options and help hold your hand throughout the process. Many people believe they can purchase a home without a Realtor, but I have seen/heard of too many people that have paid WAY too much for a home because they did not have access to resources like MLS or know how to present an offer accurately.

Sam