To become an Agent or Not, that is the question

[Cliff Rosa]

The main purpose that has gotten me thinking to take the classes and because an real estate agent is that fact that it will save me thousands when I buy a property in closing cost. Are there any cons in becoming an agent? When they say, being a licensed agent, what does that mean? For those who have been in this game for a while would it be beneficial to become an agent?

[Wendy Patton]

I love being an agent for my own investing. I can look at the comps, get into properties quickly and also agents will tell me things they will not tell an unlicensed person.

Yes there are costs - you will have board dues, con ed each year, and MLS dues. You might also have office dues. It varies by state and office. I pay about $1500 a year for my license but when I do one deal I get more then that back.

Consider it if you are buying more then 1-2 deals a year through agents.