Updated 28 days ago on . Most recent reply
Real Estate License for Investors — Broker Recommendations in MO
Hi everyone! My husband and I recently started our real estate investment business here in Missouri. He's planning to get his real estate license, not to become an agent for others, but mainly for direct MLS access and to save on commissions when buying/selling our own properties.
From what we understand, he’ll need to place his license under a broker in order to keep it active. But we’re concerned about the ongoing fees, since paying a few hundred dollars a month just to hang the license could cut into our rental cash flow.
For those of you who are investors and also licensed:
1) Where do you hang your license?
2) Any investor-friendly brokerages in Missouri with low fees you guys would recommend?
3) Has having your license been worth it for your investing goals?
Would really appreciate hearing about your experiences! Thanks in advance!
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#5 Short-Term & Vacation Rental Discussions Contributor
- Property Manager
- poconos, NC
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#5 Short-Term & Vacation Rental Discussions Contributor
- Property Manager
- poconos, NC
Hey, thanks for sharing your experience! That’s exactly the path I’m considering getting licensed, mainly to support my own investing. Good to know EXP has been flexible with how you’ve structured things. KW seems great for training, but I’ve heard similar feedback about them preferring traditional agent models.
Appreciate the insight on fees, too, super helpful. Glad to hear you’ve been able to grow it into working with other investors as well. That’s the dream!