Estate Agents Tips: Real Estate Agent License – Should Investors Get Licensed As Real Estate Agents? – REIClub.com

Estate Agents Tip: Real Estate Agent License – Should Investors Get Licensed As Real Estate Agents? – REIClub.com



Should Investors Get Licensed As Real Estate Agents? Check Out the Pros and Cons of Investors Getting Their Real Estate License..

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Benefits:
Being licensed as a real estate agent provides:
* MLS Access – property comps, searches, history, no waiting on agent, agent investors can list properties,
* Commissions – collect commissions on purchases, sales, leasing
* Rights, Privileges – grants you all rights and privileges of agents – representation, commissions, property manager, etc.
* Control – deal direct with sellers, agents, title companies, lenders, appraisers, inspectors, etc., control all aspects of deal including marketing, showings, closings, etc.
* Credibility – real estate agents have increased credibilty with sellers, buyers, tenants, other professionals with licenses

Cons:
Investors who get their real estate license face additional…
* Education – although minimal still must take classes, exams, and continue education
* Costs – fees for education, exams, annual fees for MLS & Realtor certification, broker fees, insurance
* Disclosures – required to protect yourself, but agent standard should be minimum anyway
* Paperwork – agents have requirements for paperwork if representing others, may have to use state-approved documents

How many properties you plan to buy/sell/lease, whether you’re part-time or full-time and your state-specific requirements will determine if getting an agent license is right for you. Don’t just listen to someone else – do the research yourself. Again, this is Frank Chen with REIClub.com. Please take the time to leave your comments for this video below and please subscribe to our YouTube channel so you’ll be automatically notified when we upload more quick video tips for you. Take care and good investing.

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11 thoughts on “Estate Agents Tips: Real Estate Agent License – Should Investors Get Licensed As Real Estate Agents? – REIClub.com

  1. Thanks for the video, I just have 1 question.  Is it possible to work with an agent in wholesaling ghetto houses to section 8 cash buyers?  If so, how can you make the deal win win for everybody?

  2. I do have a question I live in the state of Texas I talked to a Realtor to ask if they would Mentor. I was told that in the state of Texas to do any sales (wholesale, foreclosure, HUD, short sales, etc) that I needed to have a license. They only thing that I would be able to do is if it is a FSBO. I know you don't live in Texas any insight that you my have?

  3. Would you advise a teenager interested in RE investing to become an agent? I love the investment aspect of RE and I feel myself being pulled towards getting a License because it would allow me to pursue a career in RE. In the beginning I plan on focusing all of my time on being the best agent possible but eventually I plan to begin collecting my own rental property investments and fix or flips. Being an agent would allow me to gain knowledge and experience in RE as I work towards investing

  4. @cwuzing4deal – Thanks for your comment! I have always found it easier to work with Realtors. When you find a great deal and you are able to budget their commission, the profit you make will always be the same. More importantly, they free up your time so your able to focus on other areas of your business.

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