Real estate license?

[Frankie Corona]

I plan on investing in multi family homes. But I was wondering if it was worth it to get my real estate license? I know I can get access to the MLS and more but is it worth it?

[Arianne L.]

@Frankie Corona Perhaps I got unlucky with the first few real estate agents I worked with. Now that I got licensed, I meet a lot of agents who I would have loved to work with when I was starting out. Getting your license isn't a bad thing. For me in FL, yearly cost of having my license is around $2k. The value I got from that first 2k was I was able to learn the market at a faster speed, get into properties at my own schedule as I also work a separate full time job, offer on properties myself, and of course collect the commission. I didn't want to be licensed in the beginning, but it made sense and I don't regret it. Figure out how much it's going to cost you to get licensed and if you know you're going to at least get the commission back with a personal purchase, then I'd say it's worth it. However, if you are looking into commercial multifamily (50+ units), you are better of working with an established commercial broker.