Should I get a Real Estate License?

[Jennifer Escobar]

Hey everyone! So, I'm new to Real Estate and have been focusing on educating myself as much as possible. I am in the Northern NJ area. I have heard some podcast guests suggest getting a RE Agent license to have access to MLS .... can anyone advise me if they suggest this or not? Also,I plan to invest while maintaining my full time job .... thanks!

[Melvin Noriega]

Well it's definitely hard to tell you if you should or should not. It definitely can't hurt to get your license, but you should know that it can very time consuming and costly. If you're ultimate goal is to invest in real estate, becoming an agent could be a good thing, but it could also make things more difficult. Some of the benefits you may already know are access to the MLS and the potential saving of 3% commission upon selling a property. Some of the downsides are the fact that you have to work for a brokerage for at least the first two years. That can be troublesome if your time could be better spent searching for properties to invest in. You DONT need a license to become a successful reason estate investor, but it could be helpful.