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Updated about 2 years ago on . Most recent reply

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Dyami Pike
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Become a RE agent in Missouri

Dyami Pike
Posted

So I'm looking into getting my real estate agent license, and I have some questions. I don't want to be a realtor, Im just looking to access the MLS and make offers myself without bugging my agent, and save the commission.

are there running costs for being an agent?

Do I have to work for a brokerage?

Does it cost to keep my license? 

just not sure what the actual cost is after I get my license and if it would actually be worth it.

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Bruce Lynn#2 Real Estate Agent Contributor
  • Real Estate Broker
  • Coppell, TX
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Bruce Lynn#2 Real Estate Agent Contributor
  • Real Estate Broker
  • Coppell, TX
Replied

Use something like PropStream as an alternative.

How many properties will you buy and sell a year? Are you going to do that on MLS.

I think MLS is a big time saver for investors, but many other investors swear it off and never want to buy off MLS. To each their own.

If you are like many investors and want to buy 1 a year or so, I'd say don't waste your time getting your license.   Just find a great agent to be on your team.  Real estate is a team sport.   I often find the investors who are trying to save a dime and buy 1 a year and trying to save the commission by getting licensed are their own worst enemies.  They just don't do enough to really be in the game and they'd probably do much better by having a team of professionals working for them, vs trying to do everything on their own.

I normally say it probably costs you a minimum of $3000 to be in business as a relator by the time you pay dues, MLS fees, key fees, and all the other fees involved.

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