Hi All,
I’m a new Investor currently looking and saving for my first deal and also have a strong interest in getting my real estate license. I want to get my license because I’d like to work as an agent in Utah for the next year or so. I’m confident that I can find moderate success with the network and skills that I have; however, I‘d like to make sure I‘m thInkIng about this the rIght way.
I’m under a few assumptions that I’d like you all to either support or poke holes in. I assume that if I go through the real estate agent course and exam, that I’ll have several advantages as a new Investor:
1. I’ll understand more thoroughly the entire process of making offers, signing contracts, inspections, financing etc.
2. I’ll have easy access to new listings, market reports, email alerts that I can customize. I can also go look at any house I want any time.
3. Save 3% on any deal I purchase as I take the commission instead of giving it to an agent.
4. I’ll build a network as I work with other agents, lenders, and buyers/investors.
Could you guys challenge my thinking here or suggest other reasons why this might be a good idea. Regardless, I plan to get my license to be an agent, but I’d love your feedback on if you think this will help me as an investor.
Are there any hidden costs to being a realtor that I should be considering?
Thank you all so much!
