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294
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47
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Rigo V.
  • Investor
  • Morris Plains, NJ
47
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294
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Becoming a Realtor in NJ

Rigo V.
  • Investor
  • Morris Plains, NJ
Posted

I am thinking of becoming a realtor to help facilitate my flip business.

Has anyone seen a benefit of in their business becoming a realtor? After I get licensed, am I right in thinking I will have to hang my license with a brokerage to get MLS access, enter properties etc?

How do I find a brokerage willing to do that?

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User Stats

118
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54
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Michael Lee
  • Flipper/Rehabber
  • Lyndhurst, NJ
54
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118
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Michael Lee
  • Flipper/Rehabber
  • Lyndhurst, NJ
Replied

Hi @Rigo V. , Depending on what your plans are, yes there are definitely benefits in getting a real estate license. With the access to mls, you can run your own comps, easy access to properties, and list your own flips. 

However, there are some cons, such as what you are or are not allowed to say to sellers.

And yes you will have to hang your license with a brokerage to get MLS. Depending on if you will do any real estate transactions, any ole brokerage will do.

Hope that helps!

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