Is It Worthwhile to Get Your Real Estate License?

[Susan Anthony]

I got my NY state salesperson's license in 2004, and unfortunately found myself in an office with a broker who monopolized all of the action. I spent over $1000 just to get my real estate license and join the multiple listing service, never made a dime, then was told I had to shell out another $500 to join the local association of realtors. So I gave up.
But lately, I am inclined to get my salesperson's license again, and pursue my goals as an investor/future broker more aggressively. There are some amazing deals out there, if you're connected in the real estate community. And I'm going to find them!
Has any one else here become a salesperson in the hopes of being an insider in the real estate community?

Moneypenny :idea:

[Susan Anthony]

Originally posted by Mr_Investor:

I thought about it but I wondered if it was worth it just to access the MLS going through all the trouble and money just to get your RE license.

When I was a member of the local MLS, it was very enlightening to have access to all the information and search tools on there. However, it now costs $500 per year to be a member of the MLS, which is a pretty steep price to pay- especially if there is no return on your investment. And with the Association of Realtors fee of about $350, it gets very expensive. Where I live, they make you join both, or they take your salesperson's license away. It felt kind of like being mugged, before you even make a cent. And that amount doesn't even include the amount you spend on the real estate course (about $450-500 or more), and all the time it took to take the course (time off from work,etc.). Thankfully, now they have the courses online.
moneypenny