Invest with a Real Estate License ?

Question

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

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

Larry P. · Answer

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.

Larry P. · Answer

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!

Joey Palmer · Answer

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!