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Updated about 8 years ago on . Most recent reply
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Are there downsides of getting a real estate license?
I am curious if there are any downsides or disadvantages to getting a real estate license as an investor? I heard that when you are licensed agent you are required to hold security deposits in the brokers trust account, but I can't seem to find anything online that supports or refutes that (this would be a MN license).
I also understand that you are required to disclose to tenants that you are a licensed agent, but that doesn't seem like a big deal.
Are there any other things people would consider a downside that I should be considering?