Invest with a Real Estate License ?

3 Replies

I'm considering taking the appropriate measures to obtain my real estate license here in Ohio. Currently, I'm looking to expand my portfolio from 3 duplex homes to +20 in the next 5 - 7 years. Can the BP members please share some of the advantages they've found utilizing a real estate license instead of working with they're local agent?

Do you recommend joining a company (Sibcy Cline, Century 21). I would only be buying/selling my own investments.

Thank you for the guidance. 

@Theo Hicks

Hi Joey

I'm not sure what all would be involved in becoming licensed in Ohio as I'm in Texas.  If it were here I would suggest doing so and then exploring some of the other brokerages that do not charge you any monthly fees and charge you only a small transaction fee.  I have purchased several investment properties and then get paid a broker's fee by the seller for selling the home to myself!

Thanks for the response Larry.

Follow up question. Do you need to be part of a brokerage in TX to buy or sell real estate? 

If so, what functions do they facilitate that someone couldn't without them?

Thanks Larry. Great information!

In Texas Realtors are licensed as "salespersons".  The salespersons then work under someone who holds a " brokers" license.  Someone with a salespersons license can not legally sell real estate without being affiliated with a licensed broker.  

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