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Updated over 10 years ago,

User Stats

35
Posts
9
Votes
James Z.
  • Washington, D.C.
9
Votes |
35
Posts

Three "states" to choose from for license? VA/MD/DC? Please advise.

James Z.
  • Washington, D.C.
Posted

So I have made the decision to get my license and become a real estate agent, both for income and to augment my REI plans. So my big question is: DO I GET LICENSED IN VIRGINIA OR MARYLAND?

My geographical situation is a bit unique. I live in Washington, DC, and have the option of working in two different states and one district. If I get licensed in either Virginia or Maryland, getting a DC license only requires a one-evening legal class and then the test, so essentially I just need to pick between VA or MD. Unfortunately, these two states do not have any reciprocity agreement.

Ideally, I want to choose the state that shows the most potential for both being an agent and for investing in real estate. I could just be an agent in DC, but I want to be involved in (and gain knowledge in) one of the states' markets, as I won't have the capital to invest in the city. I suppose for right now that the prospects for being an agent are more important to me (if I REALLY want to invest in the state I don't pick a few years down the line I can get a license there too)....I'm hoping that some of you might be willing to discuss your experiences and opinions on which state might show more promise for someone in my situation.

some personal factors that might influence my decision:

-i grew up in VA and know the northern areas of it extensively, don't know Maryland at all

-but driving to VA from DC is considerably more difficult than driving to anywhere in MD

-I will only be able to part-time until I build up a good network - and in rush-hour (when I'd be able to show homes during the week), driving about 10 miles away to somewhere in northern virginia (to show a home) could take up to 2 hours.

And another question: Is it possible to find a brokerage office in DC that does both DC and one of the states? Or even all three?

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