Getting Licensed as a Broker?

Question

Hey All,

Is this worth doing for a starting out investor?  I recently bought an online realtor course and have been working on getting through it so i can get licensed.

My thought is that there are a lot of newbie investors out there and it's hard for the more seasoned people to tell who is really committed to it and who is not.  Having a license should indicate a certain baseline level of competence and seriousness, so I am hoping it will help in a) getting access to the MRIS and b) getting someone who can help me out as a mentor.

Curious to get other thoughts though.

jon

Jeff Corpuz · Answer

Getting a license may or may not help, just depending on what you are trying to accomplish. I would say, if you want to be an investor, spend the money that you're spending on real estate agent education on real estate investing education instead, then establish a relationship with a local realtor for MLS access, etc, etc...

If you want to instead sell other people's properties for a commission, then be an agent...

But it's definitely not needed if you're wanting to simply be a creative real estate investor...

Jeff Corpuz

Account Closed · Answer

I would say â€“ going through the training always helps and canâ€™t hurt. There are going to situations it makes sense to have an agent on your sideâ€¦letâ€™s say a short sale for instance, the bank wonâ€™t pay you a commission if youâ€™re the agent and the buyer. Just because you get a real estate license doesnâ€™t mean you canâ€™t use an agent anytime you want.

Good Luck!

Josh Green · Answer

this topic has been addressed here multiple times. i think if you search you should find more than enough reading to assit in your decision.

i DO know that you can't just become a licensed broker in my state (FL). you must be a licesnsed realtor first fr so many years.

Jon Carcone · Answer

Whoops-- I'll do a search.