Greetings investors! As the title suggests, I would like to know how obtaining a real estate license helps a real estate investor. The biggest benefit I know of is having access to the MLS but what else justifies getting the license? (Not that the MLS isn't a phenomenal tool)
For example, do you get properties at a discount, or are certain fees omitted because you are a real estate agent? (Are you somehow saving money by being licensed) Can a wholesaler benefit from getting a license? Etc..
Thanks in advance!
- Access to the property keys to get inside to look without waiting
- half of the sales commission if you are buying or selling
access to the MLS so you have first bite at all those juicy deals at 30% below market, I keep hearing about
I hope you also understand the drawbacks too. It's not all roses
Control over my deals
Access to MLS,
exponential learning on all things real estate
learning all the pieces of real estate bc you work with different ppl and investor types.
involvement in things outside my own norm
analyzing deals I otherwise wont even bother, or have the capital to buy
Motivation to go into areas I would probably never go to
sometimes your license can be a burden in investing. For instance you need the listing agent in competing situations to be you ally. two offers same price or close to the same price. Let's say one is a buyer that he's been working with for quite some time and the other is you wanting to buy the deal and take 50% of the commission. Let's say you get that deal. As an investor you want to close that deal and be the first person in the world that agent calls when he or someone in his office lists a similar deal. Hard to get a Birddog to hunt in that situation. He'll be reluctant to tell you about hot deals where he/she isn't the listing agent will call you after he's been rejected by buyers that aren't after a paycheck when he is the agent. Besides as an investor you make 100 to and agents pennies. Access to the mls is a positive. Access to off market deals is better. You can get that agent to set you up to get automatic alerts as new listings come available in your strike zone now without a license
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