Getting a real estate license is not for everyone. But for the right investor, it can completely change the business. In this article, we will discuss the pros and cons of getting your license. You may find that some of these advantages outweigh the cons. Read on to find out why getting your real estate license may be a good decision for you. It can be a lucrative side hustle if you’re an investor looking to increase your income.
The process of getting a real estate license requires a significant financial and time investment. You must take real estate classes, pass the examination and complete the paperwork required by your state’s real estate commission. You also need to be at least 18 years of age. Some states require that you live in the state you plan to practice in. If you don’t live in the state, reciprocity agreements might make it easier.
Getting a real estate license is more expensive, but it does provide many benefits. Once you have your license, you’ll be able to access the MLS, a national database of real estate listings. The disadvantage is that you will have to pay for the real estate license examination and course fee. It’s also costly to keep your license active. Some brokers will sponsor your real estate license, while others will simply charge you per transaction.