To be a agent or not be an agent........

[Jarod B.]

I am a local investor here in IN, and have recently thought about getting my real estate license to further my real estate business. Give me the pros and cons of doing so. As always, thank you for the feedback

[Joey Budka]

One notable con is disclosure. Not sure how Indiana RE agency law works, but in California you need to disclose that you are a licensed agent anytime you're buying or selling 1-4 units, and even if you provide full disclosure, with off market properties sellers can sometimes argue (depending on their attorneys competence) they were swindled.

Pros would be that you can save money on commissions when selling your properties. However, your E and O insurance would likely not apply if you're listing your own deals.

Try hanging your license with a reasonable broker who will give you a high split, like 80-90%. Higher split is justified since you aren't a full time agent that requires resources from the company. Don't let any broker tell you otherwise.