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Updated over 6 years ago on . Most recent reply
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Getting my RE license?
Hi everyone!
I'm considering getting my RE license. I'm sure there are opinions on both sides. What are your reasons for thinking it's a good idea or a bad idea?
Thanks in advance!
Most Popular Reply
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I agree with @Aaron K.. I just got my license, but I am looking to be full time in RE. I plan to scale up on buy and holds quickly and work as a buying agent for other investors. So to me it made a lot of sense.
Not sure about your state requirements, but in Oklahoma it averages around $3,000 for first time agents to get started. Then there are annual dues and fees to keep your license active. You may also have to split a lot of your commission with a broker, depending on the structure of the agencies near you.
I think having your license makes looking at and offering on properties a lot easier because you can do it on your own time. But you just need to figure out if it will be a worthwhile return on your investment or if it just makes more sense to get a really good agent that knows investments.