Real Estate License in Oregon

[Tyler Johnson]

Hi everyone.

I'm brand new to real estate investing and the forums.

I'm listening to the podcasts and I'm hearing over and over that it's a good idea to get your real estate license.

I love that idea, but to do it, you have to have a sponsor for several years - and that usually eats 3 percent or so of your profits (from what I've read in my research).

Anyone here from Oregon and knows how to get around that since I'm not interested in the profession - just the license?

Thank you all for your help!

[Tyler Johnson]

Thank you David!

The reason I wanted to do it was for the freedom of being able to tour properties without having to have an agent with me every single time. I've reached out to agents who have ghosted me when I told them I'm a new investor. They e-mail back and forth then when I say I'm a first time investor, bam! Ghosted. I don't want that hassle.

It would also be nice to save on the commissions and view the MLS.

The way I understand Oregon law (from Oregon's web site) is you have to take the class, pass the test then find a principal broker to sponsor you. They have to sign your application to verify you're under their wing (I'm assuming like a PA is to a doctor). I found some companies that will "sponsor" you without really sponsoring you, but they want quite a bit of money to do so. I also didn't realize $3k to keep the license. The state fee is only a few hundred dollars. I figured I wouldn't need much more than that.

Maybe you're right. Maybe this isn't a great idea in Oregon, all things considered. I may have to just keep looking and find an agent willing to put with a first time guy. Not as easy as I would have assumed.

Thanks again for taking the time to reply!!! You helped a lot.