Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago on . Most recent reply

Are there downsides of getting a real estate license?
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?