Is it Worth Getting a Real Estate License Just to Hold On To?

If you are a serious investor, you may be wondering if it’s worth acquiring a real estate license. However, a license carries extra responsibilities. In addition to having to disclose your status to the public, you are legally required to work with other brokers. That could hurt your business growth. However, if you only plan to work with other brokers and agents, a license can help you avoid these pitfalls.

Real estate licensing education requirements vary from state to state. Most states require about 150 hours of educational coursework before you can sit for the real estate exam. The amount of hours you need to complete the course depends on the real estate commission and the state you live in. You can search online for the requirements in your state. Some states even require post-licensing education. You can find approved real estate schools by visiting the state real estate commission’s website.

In addition to the time and money, obtaining a real estate license may also give you access to the MLS, which is a database of available properties. MLS allows licensed agents to access listings. But you must be part of a brokerage in order to search for properties. There are several reasons to acquire a real estate license, such as saving money on commissions or negotiating a flat fee.

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