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Updated over 8 years ago on . Most recent reply

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13
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3
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Mike Pederson
  • Minneapolis, MN
3
Votes |
13
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Are there downsides of getting a real estate license?

Mike Pederson
  • Minneapolis, MN
Posted

I am curious if there are any downsides or disadvantages to getting a real estate license as an investor?  I heard that when you are licensed agent you are required to hold security deposits in the brokers trust account, but I can't seem to find anything online that supports or refutes that (this would be a MN license).  

I also understand that you are required to disclose to tenants that you are a licensed agent, but that doesn't seem like a big deal.  

Are there any other things people would consider a downside that I should be considering?

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