Should or shouldn’t: Realtor’s License

So, you might know that to maintain your Realtor’s license, you are required to attend a certain number of continuing education classes. I was in one recently and it got me thinking about a question I get asked by my students and clients time and time again:

“I’m an investor, why should I also be a licensed Realtor?”

I’ve talked about this before, but it keeps popping back up in conversation, so I think it’s worth another go…

See, I firmly believe the benefits of holding your license far outweigh those of not having your license.

I think it helps you more than it hurts you.

There’s always been potential problems brewing around whether investors are guilty of buying and selling real estate without a license.

While it is true that you can’t broker real estate without a license… 

As an investor, though, when you advertise the contract not the house, and you have the intent and means (read: $) to close the deal—that’s not illegal. It’s not brokering without a license.

But here’s the rub…

You try arguing that in front of your state’s Real Estate Commission and see how that goes for ya. That’s not investor-friendly territory. :-/

Bottom line—I believe that being licensed actually protects you. That alone is why you should be licensed.

But, as an investor who’s also licensed, you also get:

  • access to the MLS (read: access to better info.)
  • more credibility

And, being licensed means you’re held to a higher standard and more accountable—but I don’t see anything wrong with that. I see those as more benefits—to keep everything transparent and on the up and up.

I have my license with Keller Williams. I still do deals as an investor and deals as a Realtor, representing myself.

My advice: Get licensed. 

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