Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions

Posted about 12 years ago

Earn More By Becoming A Realtor

Man, I see the question on here so often.  "Should I become a Reatltor?".

Yes.  And beyond the benefits of MLS access, becoming a Realtor can put more money in your pocket.  No, I'm not talking about saving on commissions.  I'm talking about sitting-on-my-behind-while-others-do-the-work kind of money.  You see, once you become licensed, you can legally earn referral commissions in most (if not all) states.

Here's an example.  A few days ago, I get a call from a guy wanting to sell his house.  He had seen my "I Buy Houses" ads on the internet.  I asked him about the house.  It's in great condition and he's not really in a hurry to sell.  So, I told him that he really doesn't need (or want) to sell to an investor in that case.  And I've helped many similar people by being their Realtor and getting them a full retail sale.  (I know, you don't want to be a Realtor - hang in there).  Anyway, a couple of phone calls more and a short meeting with a Realtor friend of mine - and she is going to take the listing.  That means she does all of the work.  Once it sells, my referral commission will be north of $1000.  Not too bad for about 1 hour of work (total of 3 or 4 phone calls and a short meeting with the Realtor).  OK, so maybe an hour and a half.  I'll take it anyway.


Comments