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Updated almost 9 years ago on . Most recent reply

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Jason Crews
  • gilbert, az
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Is a real estate license worth it? What are the hidden costs?

Jason Crews
  • gilbert, az
Posted

In the next few years, I hope to be able to start investing in real estate (buy and hold, multis), and in the next couple of year I will probably be purchasing a new personal residence. It occurred to me that I may be able to save a few thousand dollars if I act as my own agent.  

I live in Arizona, so school itself isn't that expensive (abt $400), which leaves the exam and any licensing fees. However, lets say I purchase a $300,000 home, I can then get a credit of about $9,000. Later, when I start investing, I'll have the same advantage and be able to access the MLS.

It seems too good to be true, so please feel free to burst my bubble. 

Most Popular Reply

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220
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Justin Owens
  • Real Estate Agent
  • Gilbert, AZ
122
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220
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Justin Owens
  • Real Estate Agent
  • Gilbert, AZ
Replied

I pay about $1000 a year to keep my license and 400 to 600 per deal. If I do a real estate tranaaction every year or two it more than covers my costs and gives me access to MLS.

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