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Updated almost 10 years ago on . Most recent reply

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Colton S.
  • Investor
  • Wendell, NC
54
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189
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Real estate license

Colton S.
  • Investor
  • Wendell, NC
Posted
Where would I go to possibly obtain my real estate license in Raleigh, nc. And would this benefit me in the future to access the MLS and to head my own deals. Thanks! I'm already going to school so I figured it wouldn't add much!

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Chris Martin
  • Investor
  • Willow Spring, NC
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Chris Martin
  • Investor
  • Willow Spring, NC
Replied

@Michael Jobe

Regarding "Make sure to explain to them that you intend to use your license primarily for doing your own deals and that you're not looking to be a traditional agent." It would be interesting to hear what additional expenses and conditions are required for MLS access. Maybe I am out of sync with current realiy, but brokers typically have sales quotas and pay some fees. Some (most?) brokers are not interested in new agents/clients operating for their own account. That seemed to work in the great recession, but now firms want closers who can generate revenue. If I owned a traditional brokerage, and a newbie showed up with visions of creative REI and self dealing, I wouldn't even let them sit down before showing them the door. Too many sales IMO in this environment to bother with that....

Full disclosure Disclaimer: I went through the Monk program a long time (over a decade) ago in our local great recession. As a member/manager of a multi-member LLC engaged in
long term holds, I was told by the company attorney to NOT take the REC final exam, because in my position that would violate my company's operating agreement. I took the class (paid by company) for education purposes only. After a few acquisitions, I understood why.

Ultimately, I comes down to 'what are you going or trying to do... business wise?'

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