Houston, TX · Member since 2013 · 18 posts · 1 vote
I am a new investor in the Houston area. I currently have a real estate agent but it is such a hassle to get a hold of her. I feel like I'm constantly calling her. Would it benefit me to get my real estate license or could it hurt me in the long run? Also, for those that have their license what else do you use it for? Thanks for your
In fact, if you search the site for "get real estate license" you'll find tons of threads on this conversation.
I will say that I believe the answer to this question does partially lie in your strategy. And no matter what, if you are using a realtor who you feel like you are bugging, you either need a new realtor, or yes, you need to take matters into your own hands.
Residential Real Estate Broker · La Crosse, WI · Member since 2013 · 360 posts · 110 votes
13y
Getting your own license may be best for your strategy. I suggest you talk to several different real estate companies. Tell them exactly why you want to get your licence (for investment purposes). Some brokers require different levels of participation to belong to their company. Some companies also require you to pay some fees for your personal transactions. This may help you make up your mind whether you want your license or not.
In the meantime, ask your realtor if you are bugging her. Realtors are used to fielding a lot of questions and may not think of it as a bother.
Specialist · Houston, TX · Member since 2012 · 579 posts · 301 votes
13y
I've taken the agent training but as an investor it is better for me personally to not become licensed. There are certain disclosures that must be given and if you are only interested in doing deals for yourself it may not be helpful. On the other hand, having full MLS access and other agent perks is a great benefit. I plan to have my sister or another family member get their license so they can assist with that access as well as getting the commissions on any deals I do.
I'd first try to find another agent; there are plenty of good RE investor agents around. Come network at the RICH club to try to find one!
What is your investing strategy? Are you looking for properties to flip or buy and hold? I'm a wholesaler in the Houston area and I sometimes use agents to help me get good comps but I rarely need an agent as once you have a good background in contracts or get a good attorney on your team, you might find you don't need an agent. Good luck!
Houston, TX · Member since 2013 · 9 posts · 1 vote
13y
@Helen Lozano
Hi Hellen, I'm super excited about getting into RE investment. By nature, I'm a little cautious and I need to know what's going on out there in the world before I play the game. I've been reading a lot about this topic too. To expand my learning and get some experience I've decided to get my RE licence. I plan to work with a real estate investment company as an acquisition agent. The company will give me the tools (education and experience) to do my job better and I will become a good investor, personally. Its a win win...or at least that's what I'm thinking. Belinda is right. As a licensed agent you are held accountable to a higher standard and you have disclose by law you positions when buying or selling properties even for yourself. Some people view this as a hindrance and they have a very strong point. You got to go with what you feel works for you. Having your licence does have its merits but then you really don't need it to get into the game.