Phoenix, AZ · Member since 2013 · 4 posts · 2 votes
I was hoping to get people's input on whether or not it would be worth it for an inspiring investor or investors in general to get a real estate license.
in my opinion, yes. You have access to the MLS, property profiles, local, state, regional data, also free attorney service (at least in CALIF), forms, and you can save a ton in commissions when buying and listing property not to mention all the control and no waiting for anyone to do their job.
in my opinion, yes. You have access to the MLS, property profiles, local, state, regional data, also free attorney service (at least in CALIF), forms, and you can save a ton in commissions when buying and listing property not to mention all the control and no waiting for anyone to do their job.
I agree with Ed. Having your own real estate license will save you a ton of money in the long run. Just think: you can save an easy 3% doing the paperwork yourself. If I am not mistaken, the idea of having your own real estate license is addressed in one of the podcasts that aired in the summer.
While I wholeheartedly agree with what both Micheal & Ed mentioned about the benefits of having a license - I personally know a lot of wholesalers/investors who stay away from the license because more is expected from agents (disclosures and due diligence processes & what not) and a lot of investors want to focus on the part of business they are good at (like marketing, finding deals...etc) without expanding the scope of what they work on.
Access to the MLS is one of the main reasons a license is a good idea, however keep in mind that it takes some work to get licensed and some work to keep the license after you get it (you'll have to continue your education with few courses a year), plus a little bit of money every month to get the access. Websites like Redfin & Trulia show all the MLS listings in some markets eliminating the need for access.