Fast forward a couple years and I got laid off from construction and decided to get into real estate full time as a licensee.

Any brokerage would be more than happy to hire a new licensee because you are paid solely on commission and not salary.

Statistics say that 9 out of 10 licensees are out of the business within one year and from the ones left, another 9 are out of business after 5 years, which means that within 5 years, only one licensee will be successful out of 100 that got their license!

They will have hands on experience and knowledge that will far exceed a normal licensee.

Buying properties at severe discounts poses no issue for a member of the general public but can open a licensee up to potential liabilities.

As a licensee you are held to a higher standard and held accountable to things that non-licensed investors are not.

We have close to 20,000 licensed realtors, and of those licensees about 10% are also principal brokers.I believe the number of licensed property managers is about 10,000 of that.Property management fees typically run 8 to 10%, with the exception of the city of Portland.

It is ILLEGAL to market properties you do not own unless you are a licensee.

That experience is on top of the required yearly "Continuing Education" that licensees are typically required to take in order to stay abreast of national and local laws that affect RE, and other related topics.

Hey Karen Margrave — I've been in SoCal as a real estate investor and licensee since the fall of 1969.