Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Agent
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 9 years ago on . Most recent reply

User Stats

63
Posts
10
Votes
Vanessa Ryder
  • Investor
  • Los Angeles, CA
10
Votes |
63
Posts

To RE license or NOT to?!

Vanessa Ryder
  • Investor
  • Los Angeles, CA
Posted
Ok guys..?! To get that RE license or not to?!! As an investor it is clear that the 5% fee that goes to agents for selling a house is not a small piece of the pie..lots of investors I know get their license too.. I am trying to figure out if getting my license (and eventually broker's license) is worth it.. Pro's are clear.. But what about CONs? I no longer can offer to a sellers agent to double end? (Great incentive in a hot market..)! Regarding the disclosures?/ Is there some kind of imits on # deals you can do for yourself?? What about if I am wholesaling? Is there an impact if I do it as an agent too? Pretty sure there was something I real along the line..
  • Vanessa Ryder
  • Most Popular Reply

    User Stats

    516
    Posts
    152
    Votes
    John Rogers
    • Real Estate Investor
    • Davenport, FL
    152
    Votes |
    516
    Posts
    John Rogers
    • Real Estate Investor
    • Davenport, FL
    Replied

    I will preface this with....

    "It s my personal opinion"...

    I used to work for a Federal Contractor... their contracts are wordy, but don't scare me...

    I am a Brokerage that is now a HUD authorized Brokerage and can bid on any HUD property.

    As such, ALL of our agents are investors and bid on properties, all the time. Most of our clients are also investors...

    There is a difference between "left pocket" and "right pocket" money.

    My agent bids and wins a property for their entity... The entity buys it... they pay themselves a commission on the deal.

    They then do their rehab... and relist it on MLS... When it sells... they get paid again.

    See how it works???

    Loading replies...