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Updated almost 13 years ago, 03/08/2012
Advantages of RE License for Multi Family Investor
Hello All
Total newbie to multifamily here... green as grass and doing my homework.
Trying to find advantages (if any) to getting a state RE license considering business plan is to invest in multi-family properties.
Here's my reasoning....
Potential Advantages
- Learning nuances of RE (certainly applies to single family homes, multi family, I don't know)
- Access to MLS (once again a boon for SFH investor, I think does nothing for multi investor as these properties are not listed on MLS)
- Networking w/ other RE agents/realtors (a bonus but I think achievable w/o getting license)
- Potential to pay less commission to sellers agent on properties (this is speculation on my part, I don't know if this would apply)
Disadvantages
- Course, licensing & annual fees
From what I gather, getting a state RE license may not be the best use of time/resouces for a multi family investor although I would appreciate some viewpoints from more experienced investors.
Have a Great Day!