Is It Worthwhile to Get Your Real Estate License?
I got my NY state salesperson's license in 2004, and unfortunately found myself in an office with a broker who monopolized all of the action. I spent over $1000 just to get my real estate license and join the multiple listing service, never made a dime, then was told I had to shell out another $500 to join the local association of realtors. So I gave up.
But lately, I am inclined to get my salesperson's license again, and pursue my goals as an investor/future broker more aggressively. There are some amazing deals out there, if you're connected in the real estate community. And I'm going to find them!
Has any one else here become a salesperson in the hopes of being an insider in the real estate community?
Moneypenny :idea:
Most Popular Reply
Consider what your business model will be before you decide whether to get your license or not...
Personally, my wife having a license means we save/make between $50-100K each year on commissions for our investment properties.
And while the $50-100K is nice, it's even nicer that we have total control over our deals from beginning to end.