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Updated 3 months ago on . Most recent reply

User Stats

16
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Christopher LeBlanc
  • New to Real Estate
  • Rockland, MA
7
Votes |
16
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Real estate license beneficial for investing?

Christopher LeBlanc
  • New to Real Estate
  • Rockland, MA
Posted

I did some searching on this topic here before posting, but the most recent posts were from 5 years ago, so I figured I'd get up to date sentiment on the subject.  I'm wondering if going through with getting my RE license (time, money invested, etc) is really beneficial enough when my intention is to buy real estate for long term rentals.  Clearly I can save myself some money when I go to actually purchase a property, but I guess I'm looking for feedback from folks that have done this, and as a new investor is it recommended or not?

Thanks for reading, as well as any info provided!

  • Christopher LeBlanc
  • Most Popular Reply

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    16,982
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    Ned Carey
    • Investor
    • Baltimore, MD
    13,323
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    Ned Carey
    • Investor
    • Baltimore, MD
    ModeratorReplied

    Real estate agents generally get little to no training on investing. Most agents haven't a clue what a good investment deal looks like.  I found being an agent very confining. Being an agent comes with greater rules and regulations that you need to follow and greater responsibilities. 

    Being an agent comes with a significant cost to maintain your license: insurance, fees to local and national realtor organizations, MLS fees, continuing education etc. You might not save much if any if you only do a few deals a year.

    i do a lot of deals every years and I am happy to pay a good agent like @Russell Brazil  to do the work of buying or selling for me. 

  • Ned Carey
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