Do You Need a Real Estate License as an Investor? | Real Estate Investing
Troy Kearns
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Do You Need a Real Estate License as an Investor? | Real Estate Investing
5 002 просмотра · 5 л. назад
Troy Kearns
231 тыс. подписчиков
5 002 просмотра · 5 л. назад
When you're real estate investing, do you need a real estate license? This is a common question I get a lot, and this video should clear up the confusion.
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Time stamp:
0:00 - Intro
1:34 - MLS access
2:34 - Earn more income
3:20 - Increased market exposure
4:02 - Networking access
4:26 - Knowledge and experience
5:16 - Requirement for real estate license
6:04 - Negatives of having a license
6:12 - Fiduciary duty
7:16 - License is expensive
7:42 Brokerage may have restrictions
8:36 - Final message
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Having a real estate license can be useful when investing, though it isn't necessarily required. You're going to have to get the required schooling and education for the license, which can cost several thousand dollars, and you'll be required to keep up with that schooling and pay yearly fees to stay registered as an agent. When real estate investing, you have to disclose that you have a real estate license, which can make owning a license a liability.
However, owning your real estate license gives you access to the MLS, the Multiple Listing Service, which is extremely useful for finding deals and seeing the conditions and values of properties. Otherwise, you'll be paying someone else to find those deals for you, and that person will likely be an agent with MLS access. The MLS also makes a network of other realtors available to you, as well as more classes and education so you can learn more.
So, do you need a Real Estate license? This video will answer that question for you! Thanks for watching.