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Updated over 7 years ago on . Most recent reply

Account Closed
  • Cape Girardeau, MO
25
Votes |
101
Posts

Anyone have a RE license?

Account Closed
  • Cape Girardeau, MO
Posted

Does anyone have or plan to get a RE license?  Why or why not?  Do I need a license to operate out-of-state?  For example, I'm in Missouri and plan to start investing here, but I plan to expand (open LLCs as well) in Illinois, Kentucky, Tennessee, possibly Arkansas and Georgia.  Why?  Because I want to be able to take appropriate actions if I'm sued in those states and I can't do that (without headaches) if I'm not registered to do business in other states.  Anyway, I disagree.  With the logic that I'm using (opening LLCs in other states) this would also mean that I would/should have a RE license in those other states as well, but time and accurate information gather will decide that.  Any input?  Advice?  

Most Popular Reply

User Stats

84
Posts
47
Votes
Sarah Hansen
  • Specialist
  • Tampa, FL
47
Votes |
84
Posts
Sarah Hansen
  • Specialist
  • Tampa, FL
Replied

My husband got his license here in Arkansas. We use it for our investment business to find deals and analyze the market (we like to pull our own comps and know days-on-market trends), and he also represents investors and retail buyers. Real estate licenses don't transfer over state lines. You'd need to get licensed in each state and pay yearly dues. Since we flip homes, it's nice to have a price break on the marketing costs. We are glad he got it. But, you certainly don't need it to invest if you have a good realtor on your team.

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