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Updated over 1 year ago,

User Stats

17
Posts
9
Votes
Hochi Yang
9
Votes |
17
Posts

Should I get a real estate license?

Hochi Yang
Posted

I live in Wisconsin. I am currently taking a real estate licensing course to acquire a license. I just recently started looking into wholesaling and found out that you don't need a license in my state to wholesale. I've been told by many investors at my REIA meetup to not get a license. The course that I am taking is actually paid for my Keller Williams. I reached out to them on a job posting that they had offering to pay for the licensing course. Now I'm not sure what to do. I've been fighting myself back and forth about the decision. I heard it was highly beneficial and have great advantages to having a license while wholesaling. On the other hand, a bunch of investors at my local REIA are telling me that it's against the rules of a broker and illegal for me to be an agent and wholesale at the same time because I would be unethical and also that the broker will force me to get a cut of all assignment fees if I wholesale. Are there any way around this? Should I opt out of the course and Keller Williams altogether? Can I still go and get a license and not work for a broker but have it for credibility when I wholesale? I'm not sure what to do. If anyone can give me some great advice, I would greatly appreciate it. Thanks.

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