To RE license or NOT to?!

[Vanessa Ryder]

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..

[John Rogers]

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???