Any advantage to a SPOUSE becoming a real estate agent?

[Jed Burkey]

As I'm researching the pros/cons of getting my real estate agent license, one of the main cons that keeps coming up (other than the cost of getting and maintaining the license) is having to disclose your status as an agent in any RE transactions that I would have a financial interest in. If my wife gets her license instead of me, would I still need to disclose a "conflict of interest"? What if her name is not on the title and/or the property is held by an LLC and not directly in either of our names? Any other tax consequences related to REI I should know about for either myself getting a license or my spouse?

[Tyler Gibson]

@Jed Burkey If you wife has her license and is involved in the transaction then she would need to disclose. Here in Florida If I were to help my parents buy a house I would have to disclose that I am related to them. Disclosing you are a Realtor should have little to no impact on your ability to close a deal. It really is no big deal unless you do not disclose and then it can be a big deal. I say get the license get your access and maybe you can make a few bucks helping friends and family buy or sell. Heck you might be able to make a decent side gig out of referral fees.