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Updated about 10 years ago on . Most recent reply

User Stats

111
Posts
17
Votes
Jessica Martin
  • Real Estate Investor
  • Houston, TX
17
Votes |
111
Posts

Thinking of getting my RE license

Jessica Martin
  • Real Estate Investor
  • Houston, TX
Posted

My husband and I are just getting into REI and thinking we are going to have to start working with mostly 100k houses and below. Because of the smaller profit margins and the higher lenders fees we will have to pay starting out, it seems every bit counts. So I've been thinking of getting my RE license to help cut costs. I see the test failure rate here in Texas is surprisingly high. Im not too worried about passing myself, but I am curious about where it's best to get my education from? So Im looking for suggestions about where to get my education for a Texas license? I've also heard some people get sponsored for some of their education costs. Where do I find out about that? Also, are there any limitations about being your own agent for your own REI homes here in Texas? I haven't gotten much info on it, but from what I have heard, I think you're allowed, as long as you disclose this to your buyers? Any info or suggestions about becoming an RE agent and REI pros and cons are very appreciated. Thanks!

Most Popular Reply

Account Closed
  • Investor
  • Kansas City, MO
110
Votes |
239
Posts
Account Closed
  • Investor
  • Kansas City, MO
Replied

@Jessica Martin I am an investor and I also have a real estate license. I did my schooling online at www.realestateexpress.com  I passed both state and national first time and then actually got a Broker's license thereafter. I can recommend this site for education assuming they offer Texas (I'm in Missouri / Kansas). 

I would do it on my own and not look to have anyone sponsor me. This way I stay as independent as I want to be.

As long as you disclose you're a licensee you shouldn't have any issues with sellers. Some lender sellers have started the trend they won't pay a commission to a buyer who is a licensee.

I like the accessibility to the houses I have as an agent. I just call co-op and schedule a showing without having to find an agent to show me.

Good luck!

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