Starting Out
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 11 years ago,
Just Do It - Become a Realtor
I feel like I've answered this same question a thousand times. Just go ahead and do yourself a favor and become a Realtor if you plan on doing any MLS deals at all. No, it's not essential, but it will make your life so much easier. And, if you do only 1 deal (buy a fixer, rehab, and sell retail) you will have earned enough commissions for yourself to cover all of your costs for a year of being a Realtor. I'll list out some of the advantages below, but before I do let me answer one common concern - No, you do NOT have to do any "Realtor" work. Let me repeat that - you do NOT have to do any "Realtor" work. And for those of you who say, "but I don't want to be a Realtor" - you do NOT have to do any Realtor work. Seriously, I never do open houses, I don't sit in the office and answer the phone, I don't drive people around in my car. I do take a few listings (my choice) because they are fairly easy money, especially when you set your system up to let other Realtors sell them. But still, you are NOT required to even take listings.
Advantages:
24/7/365 access to the MLS, customize it like you want it
24/7/365 access to vacant properties (those are the ones you will focus on anyway)
write your own offers, when ever and where ever you want to.
do your own negotiations
networking
opportunities to make referral commissions (this is REAL EASY money)
knowledge and education
access to the courthouse records often comes with the MLS access
earn a commission when you buy an MLS-listed house (that's cool)
save on commissions when you sell
access to state-approved forms