All Forum Posts by: Joy Gillespie
Joy Gillespie has started 1 posts and replied 2 times.
Post: Real Estate License for Investors — Broker Recommendations in MO
- Investor
- O'Fallon, MO
- Posts 2
- Votes 2
Quote from @Jonathan Taylor Smith:
Hello @Joy Gillespie - I also primarily became licensed to aid myself at being an investor - MLS access and getting paid as my own buyer's agent. I started with Keller Williams, but they did not much like that (at the time) I was not seeking to perform as an agent for others. I later switched to EXP. I now have my own agency, but remain brokered by EXP. I believe the monthly fees total $85, plus whatever you'll pay in MO for MLS access. I have since started to perform as an agent largely for other investors, but (then and now) EXP has not bothered me about how I decided to structure my business.
Hey Jonathan! Thanks a lot for sharing your experience with me. It is very helpful! I'm glad I'm not the only one in this. I will definitely look into EXP!
Post: Real Estate License for Investors — Broker Recommendations in MO
- Investor
- O'Fallon, MO
- Posts 2
- Votes 2
Hi everyone! My husband and I recently started our real estate investment business here in Missouri. He's planning to get his real estate license, not to become an agent for others, but mainly for direct MLS access and to save on commissions when buying/selling our own properties.
From what we understand, he’ll need to place his license under a broker in order to keep it active. But we’re concerned about the ongoing fees, since paying a few hundred dollars a month just to hang the license could cut into our rental cash flow.
For those of you who are investors and also licensed:
1) Where do you hang your license?
2) Any investor-friendly brokerages in Missouri with low fees you guys would recommend?
3) Has having your license been worth it for your investing goals?
Would really appreciate hearing about your experiences! Thanks in advance!