Real Estate Agent License

[Lindey J Howell]

What advantages are there to getting a real estate license if I'm going into real estate investing? Would I be able to get the buyers fee?

[Russell Brazil]

Your broker gets the fee, and pays you according to your independent contractor agreement. Also note, if you personally buy a short sale or a foreclosure, most banks wont allow you to collect a commission on the property if you are the agent.

Negatives are, most people dont consider the fact that it costs thousands per year to maintain the license. (Association dues, mls access, sentrilock/suprakey fees, brokerage fees, licensing fees, e&o insurance, increased auto insurance). Also, most e&o policies do not cover you when you are a principal to the deal.