I’m the new guy... license necessary?

Question

I’m a real estate investor. However, I think it would be wise to get my license. How do I get my real estate license online? I don’t want to attend classes. Also, I live in NH. Thanks!

Sean McDonnell · Answer

Hey David, I am not sure it would be best for you to get your real estate license. If you are doing it just to save on your own purchases, it probably wont be worth it. There are a lot of fees that go along with maintaining an active real estate license. Unless you are going to be a real estate agent full time or at least represent others during the purchase of properties, it would be better and more affordable to just find an investor savvy agent to help you find good deals.

Account Closed · Answer

@David Duquette Hi David, if you are starting out in Real Estate I would put your energy into understanding markets & how to analyze deals. It is not critical at all in my opinion to have a license. Learn about the diffetent investing strategies and focus on what best fits with your interests and strengths. Cheers!

Brenden Mitchum · Answer

Hey @David Duquette, welcome to the BP community!

While having your license is definitely not critical, it really is not that difficult/expensive to get so could be a good option if you have some free time on your hands. Depending on home values in your area, you only really need to close on one home per year to break even with the annual expenses, especially after the first year. This could be one of your own investments or you could be helping a friend. You definitely do not need to move large volumes to get a return on your investment into a salesperson license. Plus, you'll also be investing into your own knowledge in real estate and this is incredibly powerful for someone just starting out.

In terms of finding an online pre-license course, you should check with your local REALTORS® Association. This could be the state association if you do not have a county/city one. They will be able to recommend the best for your area with locations near you to go in and take the final course exam.

Please, feel free to message me anytime if you have other questions or just want to chat!

Mya Toohey · Answer

@David Duquette

Hey David, I am a Realtor in the Tampa Bay, Florida area.  I have two clients that are Realtors themselves.  While yes, it does save you some money but it does open you up to OWNER/SELLER liability.  It is a very hard thing to manage.  Also, if you really want to be a full-time investor, you won't have the time to mess with handling setting up showings, inspections and all of the paperwork that goes with it.  You will find yourself not having anytime to look for deals and spending all of your time on the deals you are trying to sell/rent.  You can make it worth the agents time to have them assist you on a limited agency.  Only helping with certain parts of the deals.  You just need to see if your state allows you to an agent but not be part of the MLS.  Florida allows you to do that.  All the Best to you!!!

I’m the new guy... license necessary?

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