Do you think a real estate license would be worth getting?

Posted February 20, 2009 * Comments(4)
mxhazard asked:


I am 22 years old. My boyfriend and I are planning to start flipping houses in the next year or so. My boyfriend is a carpenter. I am wondering if getting my real estate licence now would be a good move?

Frederick MD real estate

4 Comments so far

  1. trblmkr30 on February 20th, 2009

    Sacramento office space

    Possibly. You need to weigh how much money you’ll save on commissions against how much it will cost you to: get your license, purchase your supplies (signs, office equipment, etc.), keep your designations & required memberships, etc.

    You may want to partner with an existing Realtor, as they have the experience to help you: buy distressed properties that are truly “good deals;” choose what money to put into a property to get the most bang for your buck; and to sell your completed property faster. Plus, if you partner with an existing agent, it’s possible to have them forego their commission as a part of the profit.

  2. Spock (rhp) on February 23rd, 2009

    Hawthorne real estate

    yes. you will definitely benefit from the knowledge you’ll gain.

    ***
    don’t quit your day job. flipping houses in a down market isn’t for amateurs — easy to lose your investment and then some.

  3. teran_realtor on February 24th, 2009

    Orlando Florida Private Investigator

    As trblmkr3 (HOW do you pronounce that?) wisely points out, there are expenses to balance out. Also, your liability goes way up once you are licensed. Realtor knowledge is gained both by the classes you take (some) and by the years of day to day working on the job (most of the knowledge). If you don’t really intend to be a Realtor as your occupation, don’t get the license – you can take all the classes you want.

    What I would suggest that you and your real estate investment partner do is to go to an attorney and draw up a formal agreement. Each of you may be married to someone else in the next few years, and if you read this forum much you will find MANY questions starting off “My boyfriend and I bought a house, and now ………” I don’t mean this to be mean, but realistic.

    BTW – Now IS a great time to be buying houses though not a great time to sell. If you can buy on credit, rent out for 18 to 30 months and then sell I think you’ll maximize your profits.

  4. Real Estate Loop on February 24th, 2009

    san francisco dental implant dentist

    Yes it would definitely be a good idea.
    It is a good starting point to learn about the real estate industry. Also you can check out your “local real estate clubs” to network with other real estate investors.
    You can find list of your local Real Estate Clubs here: