For those of you who have gotten licensed..

4 Replies

How difficult was it to 'hang' your license with a broker?

Are there brokers who are willing to let new agents 'hang' their license knowing they are investors?

We live in an expensive market (Seattle) and have currently had talks with about four different agents.  When we mention that we want to make 'low-ball' (albeit carefully calculated with investing in mind) offers and lots of them we don't get the hungry, enthusiastic response we have been looking for haha.

Multiple episodes of the BP podcasts have individuals who have casually mentioned getting licensed like it's no big deal.  

What are the bare minimum requirements needed to 'hang' one's license with a broker?

Knowing that a good agent/broker is hard to find, we would eventually enjoy the freedom of becoming licensed ourselves down the road.

With that said, any investor agents in the Seattle area willing to connect? 

@Brian Erickson Getting licensed Isn’t that hard. The test should be very passable. It just takes a commitment Of a little time and a little money. About 60 hours and $2.5k in Alabama. Keller Williams is a great place to ‘hang’ your license nationally. Locally, I’m sure you can find an investor friendly firm by asking around the local REIA.
Originally posted by @Rob Drum :
@Brian Erickson

Getting licensed Isn’t that hard. The test should be very passable. It just takes a commitment Of a little time and a little money. About 60 hours and $2.5k in Alabama.

Keller Williams is a great place to ‘hang’ your license nationally.

Locally, I'm sure you can find an investor friendly firm by asking around the local REIA.

We've done enough research to know that getting licensed is fairly easy in most places. 

What I'm wondering more specifically is how hard it is to get a place like Keller Williams to 'hang' the license.  Does it require a lot of work on my part to make it worth it for KW, or do investor friendly firms not care so much as long as they're getting a cut of the deal? 

I work full-time and my wife stays home with our three kiddos so the idea is to be able to do things on our own time, make offers, check out properties, etc.

Local REIA meet-ups are definitely on the immediate to-do list.

KW might depend on the office. In general, I think they want bodies. More people in the market center, the better. 

Their culture wants everyone to make money. They won’t care if you only want to use your license for your own deals. They’ll probably be super encouraging.

My old office charged a monthly technology fee of about $60 to hang my license.

I just sent another investor to go hang his license there. He has no intention of being a realtor.