Obtaining a real estate license is important if you plan on flipping houses. Getting your license will free you from paying thousands of dollars to a listing agent. You’ll also be responsible for paying the buyer’s agent, which will cost you between 2.5 and 3.5% of the sales price. You’ll also be responsible for marketing the property. A realtor would delegate marketing work to you, including flyer distribution, hosting open houses, and so forth. However, doing the marketing yourself will cost you a considerable amount of money.
Getting a real estate license will give you access to deals that aren’t listed on the MLS. This will help you to get a head start on competition. You’ll also have a better relationship with lenders and can take advantage of deals that aren’t listed. If you want to be successful in this industry, getting a real estate license is an essential step.
Obtaining a real estate license is not as easy as you think. It requires education, professional memberships, background checks, and more. It takes a significant amount of time to earn a license. However, some schools now offer online courses for real estate licenses. You’ll need to spend at least 60-180 hours studying to earn your real estate license. The cost can vary from state to state.
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