Updated about 7 years ago on . Most recent reply
Do you need to be a real estate agent to invest ?
So big question here bigger pockets. I want to be a real estate investor. Do I have to get licensed as a real state agent ? What are the pros to having your license?
Most Popular Reply
Good question, Sean. A bit ironic as I think most on here would agree that the majority of agents don't understand/participate in real estate investing. There are a few pros to getting your license including but not limited to:
Access to the MLS
Being able to see properties quickly, without needing your agent to tag along
Saving half the commission on the sell side of your deal
But there is the additional costs of continuing education and splits or fees you may pay to hang your license with a brokerage. So you have to weigh the pros and cons.
You do not need to be an agent to invest. In fact I would put that money toward a deal as opposed to a license.