Should Investors Get Their Real Estate Licenses?

Key Takeaways

  • Getting your real estate license as an investor has the ability to benefit your business by giving you an edge over the competition.
  • One benefit of getting your real estate license as an investor is the increased profits due to commission checks. This is 7 to 8 percent of the sale price that would otherwise goes straight to the agent. 
  • The biggest question to ask yourself before getting licensed is whether or not you are willing to dedicate 5+ hours per week to studying for your exam and pay the fees required to maintain the license. 

“Should I get my real estate license as an investor?” is a question asked by both new and seasoned entrepreneurs. A real estate license for investors is so controversial because there are as many pros as their are cons. In fact, if you ask 10 successful real estate entrepreneurs whether or not they are licensed, your answers will be split right down the middle.

With that being said, the choice is entirely up to you. And the best way to make that decision is by creating a pro and con list of course.

The Pros And Cons Of A Real Estate License For Investors

It is entirely possible to have a successful real estate investing career without the help of a real estate license; however, the benefits that come with being licensed often give investors an added edge.

Take this for example, if you are currently spending money on realtor fees when marketing properties, getting licensed means forgetting about that extra cash and adding the savings to your marketing budget. Another reason to consider getting licensed is of course to obtain that coveted MLS access. While sites like Trulia, Redfin, and Zillow are great for pulling comps, there’s nothing more accurate than the MLS. Keep in mind however that it does require time and money to obtain a real estate license that some investors aren’t willing to give.

Use our guide to determine which strategy is right for you:

real estate license for investors

Are you an investor with a real estate license? If so, how does being licensed affect your business? If not, would you even consider becoming licensed? Share your answers in the comments below: 

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Real Estate Investing Strategies
Real Estate Investing Strategies
Real Estate Investing Strategies
Real Estate Investing Strategies
Real Estate Investing Strategies
Real Estate Investing Strategies