All Forum Posts by: Rebecca C.

Yep, definitely get license. Just remember to disclose, disclose, disclose. There are a lot of benefits to having a license, MLS comps + access, viewing property anytime you want, getting and pulling property records and much more. Also, if you have clients that don't want a low ball offer, consider listing it for them!

Good morning, Rebecca,

I obtained my real estate license when I was 18 years old, and my broker’s license when I was 21. I ended up for a good portion of my career going the appraiser route. I ended up allowing my broker’s license to expire, but I still have an active certified general appraiser’s license, though I don’t actively appraise properties anymore.

Like most questions, it begins with the answer “it depends”. There are various costs to pursuing and obtaining a real estate license, whether in one state or multiple states. Then once you are licensed, you have to hang your license with a real estate broker, and there are costs associated with that. If you are actively selling real estate as an agent earning commissions, those costs are deductible of course. But your end game seems to be access to properties for real estate investment purposes. That’s not necessarily a bad strategy, as long as you deem the start up costs and ongoing costs associated with being an active real estate agent worth the value you are receiving from that. 

A couple of the benefits as you noted are that you could view properties at your convenience and earn commissions when you buy or sell your own real estate. If you are actively buying and selling your own properties and/or buying to hold, that may be a good strategy. As you will learn during the course of pursuing your license, once you are licensed, you will need to disclose the fact that you are a licensed real estate agent when listing or selling your own properties.

I hope this information is beneficial for you.

Bill 

Welcome to BP! As an STR/MTR host & co-host in Metro Atlanta, I think self-managing in a tourist area can work well, especially if you automate as much as possible (smart locks, dynamic pricing, messaging templates, etc.).

Since you're just getting started, focusing on a turnkey or lightly updated property might make the transition easier. Happy to share insights if you have any questions on setup, pricing, or guest management!