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Just passed my real estate exam (North Carolina)!
Passed the Real Estate Licensing exam yesterday!!
I would like to reflect on some of the things I feel benefitted me as an investor taking the class and getting my license. I am aware that this is often a debatable topic for many real estate investors. I personally wanted to get my license to expand my knowledge, work in the business, and gan access to the MLS.
So first off, I went through the JY Monk program here in Fayetteville . After looking at reviews online and talking to agents in the area Jy Monk was highly recommended. I am not going to get too much in depth of how I thought the course was run. Simply put, they gave you all of the material needed and supplied several different platforms to study the material. There is a ton of new material thrown at you in the first couple of weeks, which can be overwhelming for many. I believe we had over 12 people drop from our class. I also found that having my prior knowledge of real estate investing was extremely beneficial to me, but regardless you have to put the time in to study or you will not pass.
I will say the entire experience was great. One thing that shocked me was, I didn't go in expecting to meet tons of great individuals who share the same passion as I do in real estate. During the 8 weeks I was able to market myself, my real estate ideas, and even learn from many investors in the area. I made friends and even potential future business partners that will benefit me greatly as I continue to build my real estate business. That alone was worth the money and time for me. (And yes I told many of them to join BiggerPockets)
Lastly, I would recommend if you have the time then you should get your license. I understand it does not fit into everyone business plans. I personally feel like I have a much better understanding of real estate business now and I am excited to continue my education and growth in this business. At the end of the day you really have to weigh the benefits of you getting your license. As I stated before it does not fit into everyones business plans. It is definitely something you have to dedicate time out of your week for and that sacrifice may not be worth your time.
On a side note,
I am still looking at all my options for where to take the next step. This was one of my problems with the process. After passing my test yesterday, I didn't really know what the next step was, are instructor said once we pass we are dangerous. We are dangerous because we have the license to sell, but we have no idea what we are actually doing lol.
I have got some ideas where I would like to take my license, but I want to make sure I find the best possible fit for both myself and the company I end up working for. I am looking to work in either the Fayetteville or the Southern Pines market. I have pretty good knowledge of both markets from an investors perspective. If anyone has any recommendations or tips for a new provisional broker, I would love to hear from you.
Thank you,
Brett Campbell
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@Brett Campbell Congrats! I enjoy having my license and I utilize my license to build a higher income and while producing that higher income setting the money aside to deploy it into a rental, or bigger property when that option comes.
It's a great idea and if for some reason a person gets their license and never uses it, then they can walk away from the license. There is no issues with grabbing it and as a person the knowledge helps in more areas than just working as an agent.
Congrats Brett on your RE license very well deserved!!
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Congrats on passing the test!
Are you looking to use your license to help buyers/sellers, sell flip houses, or just gain access to the MLS? How you're planning on using your license will determine the best option for you.
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- Rental Property Investor | Realtor
- Jacksonville FL | Savannah Ga |Raleigh NC
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cool, cant believe NC doesn't offer/allow online class, ...hopefully thats coming.
Was the state exam a breeze once class is mastered?
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@Matt Berklacy The state exam has a 50% fail rate, so it's not an easy test by any means.
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@Jim Brewer I think I am going to start off part time and see how I like the business. I really wanted it for the access to the MLS, as well as meeting like minded people in the area. I just left active duty in the military so I am transitioning back to civilian slowly. Now that I have the time I would really like to partner up with some investors with some flips or multifamily properties.