#AskBP 002: Should You Get Your Real Estate License?


Should you get your real estate license? In this episode of the BiggerPockets #AskBP Podcast, Brandon addresses this question and shares why he doesn’t have his… but you might want yours.

Watch the Episode Below

Listen to the Episode Below

Links from the Show

About Author

Brandon Turner

Brandon Turner (G+ | Twitter) spends a lot of time on BiggerPockets.com. Like... seriously... a lot. Oh, and he is also an active real estate investor, entrepreneur, traveler, third-person speaker, husband, and author of "The Book on Investing in Real Estate with No (and Low) Money Down", and "The Book on Rental Property Investing" which you should probably read if you want to do more deals.


  1. Pyrrha Rivers

    Great new platform! I like the video feature. Just a comment on CJ Walker who was not a great guy but a great gal whom I admire so I recognized the name as soon as you mentioned. Madam C. J. Walker, was an African American entrepreneur and philanthropist, regarded as the first female self-made millionaire in America. She made her fortune by developing and marketing a successful line of beauty and hair products for black women.

  2. Darren Sager

    I think an important question to ask when thinking about getting your license is what type of business do you intend to build. I see way too many people try to play too many roles, and that kills their business. They’d be much smarter putting systems into place and scaling their business up versus trying to take on the role of being an agent.

  3. Robert Horton

    Brandon, you answered the question at minute 2:33.
    You said you would like to have access to the MLS and the ONLY way to gain full access is to have your real estate license. I am flipper by default. My wife and I were both very active real estate agents from 2003-2008. Once the market crashed, I put my license in “referral” and started flipping homes while she continues to practice traditional real estate. I’m able to use her access to the MLS to find foreclosures. Since the foreclosure market has tightened up, I’ve starting searching the Internet like most investors without a license do. I’m finding a LOT of incorrect, old, and just downright bad info on the major real estate sites.

    Without a license, you really have to trust your agent and hope he/she is always looking out for your best interest and, more importantly, constantly scanning the MLS for possible deals. They need to know they will make a commission on the purchase and on the sale (if it’s a flip). If it’s a buy & hold, I would offer them MORE than the co-broke. People are motivated by money and want to think their time and knowledge is valuable.

    Another reason to get your license is to save the commission I just mentioned above IF you have the time and don’t have another job, otherwise, let your agent do the legwork.

  4. Robert Lenfestey

    The guest on the first podcast listed his reasons for getting his license.
    1) Access the MLS
    2) Access houses
    3) Collect commission on the purchase and sales of your portfolio properties.

    I found these reasons compelling enough to get my license. There is more time and expense involved than I initially anticipated. But I have found the investment worth it.

  5. maggie smith

    I remember how my first mentor handled this, and built a $$$ multi-million biz. She did not get her license, but hired a personal assistant who did get her license, hung her shingle under a mom and pop brokerage (so did not go into work at the brokerage, just paid low-ball fees for the oversight of the broker). Now the list was “in house” and available to both on their laptops. They would do the MLS checking several times in a 24 hour period- and find the new listings that my mentor would then rush out to see. She would get the best properties under contract when they were hours fresh on the MLS. With no realtor designation, she had the advantage that, in dealing directly with homeowners, she did not have all that verbal and written “declaration that I am a real estate agent” formality that so often scares or alienates the seller- she could be just an “aw shucks” person that the average seller can chat to, invite in, without feeling a salesy pressure. In addition, she did not have to worry about doing something technically incorrect that could lose her her license. It just bypasses lots of misery not to be licensed. For those times where it was to her advantage to collect a commission, she was happy to let her assistant get that extra cash. Win/win for the two of them. Of course, as investors, we should hope to uncover deals that are not even on the MLS. I have chosen not to get a license myself, and work with various agents when I see an advantage to doing so.

Leave A Reply

Pair a profile with your post!

Create a Free Account


Log In Here