Getting Real Estate License for an Investor - Advantages & Disadvantages

[Brad G.]

I am investor looking to buy the first rental property that I do not live in, and I have been contemplating getting a real estate license. I am wondering what the advantages and disadvantages of getting the license would be. I think the obvious advantages would be access to the MLS and being able to see properties without having to wait on someone else. As for disadvantages, I have heard that a licensed real estate agent would be required to disclose the actual value of a house when making an offer. However, I do not know if that is true. For example, if an agent were buying a house for $60K that is worth $100K, then the agent would have to close the actual worth of $100K.