Advantage/disadvantage of getting sales person license

[Harish V.]

I am a do it yourself investor. Mostly single family home, buy and hold as passive activity. I was considering getting a SalesPerson license, mostly to allow me flexibility to

1. Write my own offers

2. Flexibility of not calling another agent if i want to see homes.

3. Use depreciation losses to offset the income - overcome limits of passive activity.

Any thoughts on disadvantages?

[Nick C.]

4. The local MLS is the best place to comp houses.

5. You can list properties, represent buyers. Not your end game I know, but just another tool in your tool belt. 

The only real disadvantage is there is a governing body to answer to if you're into shady business practices. The pros far outweigh the cons.