If you are a real estate investor, chances are you’ve spent a lot of time working with real estate professionals. You’ve probably also spent a good chunk of your investment profits on commissions paid to real estate agents. If you are able to devote the time and energy, you might want to think about get your real estate permit as a way to increase both your investments and your income. Here are some of the benefits of getting your real estate license as a real estate investor.
# 1: stay in control
Becoming a licensed real estate agent will allow you to maintain control over your own transactions. You will be able to list and market your own properties. Having direct contact with other people working on the case is also helpful. With your real estate license, you are free to negotiate with other agents, as well as deal directly with appraisers, lawyers and mortgage brokers to stay informed about the progress of current transactions.
# 2: Access MLS Lists
Having access to MLS listings is another huge benefit for licensed real estate investors. All the latest information on available homes will be at your fingertips. You will no longer have to rely on a real estate agent to offer you good deals. As a licensed real estate agent, you can find them on your own. Having a license is a huge plus when it comes to researching these amazing real estate investing deals.
# 3: increase your income potential
The most obvious benefit that real estate investors enjoy with a real estate license is the remarkable potential to increase your total income. First of all, you’ll pay significantly reduced fees by not having to pay a commission to an outside real estate agent, thus keeping more of the profits from the sale in your pocket. Then there is the additional increase in income that you will generate in commissions by listing and selling your own properties. The potential increase in sales commissions could be quite large for your overall income at the end of the year.
What real estate investors need to know to become a licensed agent
There are three basic steps to obtaining your real estate license (Note: check with your state’s real estate commission for exact requirements and prerequisites). First, you will need to complete your pre-licensing training, as required by your state. One of the easiest and fastest ways to complete your pre-license training is to use Express Real Estate. Depending on your state, you can take your lessons virtually via live streaming on specifically scheduled dates and times, or you can study at your own pace with asynchronous learning.
Second, you will need to register and take the real estate license exam. Real Estate Express offers you a “Pass or don’t pay” guarantee which gives students the assurance that if they complete their courses with Real Estate Express, they are guaranteed to pass the exam or get their money back.
Finally, once you’ve received your license from your state’s real estate commission, you can start buying and selling real estate! It is so easy. With a little time and money (check out Real Estate Express’ competitively priced courses), you may be on your way to increasing your profit margin.
About the Author: Express Real Estate is the nation’s premier online real estate school, offering pre and post licensing courses, continuing education courses and professional development to hundreds of thousands of real estate agents across the country.
See more Benzinga
Â© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.