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Updated over 6 years ago,
RE license for investors?
I currently have a few investment properties I manage myself. I'm thinking of getting my Real Estate license. I don't plan on actively pursuing doing real estate deals for others or changing my career to RE full time or anything. It would mainly just be for my own self development, to have it (even if in retirement) if I ever did choose to change career fields, or to buy my own properties myself.
My question is, since I have investment properties now and hold security deposits, would having my license change anything? Do I have to hold the security deposits differently if licensed? There may be no change, just trying to think if there would be a downside to getting it other than the normal time and money reasons to not get a license.