Michigan Real Estate License

[Meredith Rasche]

I am considering getting a RE license in Michigan to use primarily for purchasing my own investment properties.  Can anyone help me understand the costs to getting and maintaining a license?  I want to make sure that the expense is worth it.  Thanks!

[Joshua B.]

Originally posted by @Meredith Rasche:

I am considering getting a RE license in Michigan to use primarily for purchasing my own investment properties.  Can anyone help me understand the costs to getting and maintaining a license?  I want to make sure that the expense is worth it.  Thanks!

Depends on where you hang your license. If you're an agent and you sign up with one of the big names (KW, Century 21, etc) they'll charge you desk fees, tech fees, team fees, brokerage splits, etc. They'll also charge you for your investment transactions. Nickel and dime you til the cows come home. The true cost of having a license and being on the MLS is about $1,500/person.

PM me if you want more specifics.