Wholesaling Real Estate 101: To Get or Not to Get a Realtor's License
Updated: Oct 27, 2022
To be a realtor or not to be a realtor; that, my friends, is the question.
For a lot of my AstroFlipping students, this is a big question for them – whether or not they should get a realtor’s license in order to wholesale real estate.
There’s actually a lot of good reasons to get an agent’s license:
Possible legislation requirements
Ability to participate in agent meetups and groups
More available opportunities
Let’s actually look at each of these, one by one.
Why You Should Get a Realtor’s License to Wholesale Real Estate
Before we get into the reasons to get a realtor’s license, let me just say that I am 1000% in the camp that recommends it.
As you’ll discover, there are a lot of opportunities available and doors that open for you once you have that license.
But a major reason for getting it is current legislation requirements.
In short, the National Association of Realtors is looking to basically ban wholesaling in general because of past predatory practices. Like any industry, there have been a lot of wholesalers in the business who took advantage of people and gave the industry a bad name.
Unfortunately, that image has persisted over the years and it’s one of the reasons that I - and others in the field - are trying to change.
But with possible legislation requirements, the reason for getting your license becomes clear – it provides another layer of professional credentials when it comes to speaking with sellers.
Another benefit to getting your license is entry into agent-only meetups and groups.
This greatly opens up your network connections, giving you access to more property leads.
Guys, the opportunities afforded to you when you get a realtor’s license are pretty vast.
Not only do you get some legitimacy from homeowners, but you gain the ability to speak with other agents and find properties you might not have found otherwise.
Depending on your state or city, the only thing you need to do is disclose that you’re an agent and what you’re currently looking for.
Quinn, one of my Astro students, had this exact question and we discuss it in this video:
Again, I’m definitely in favor of getting your agent’s license and thankfully, the process is simple and straightforward.
If you want to learn more about any upcoming legislation or even real estate wholesaling, you’ll want to register for our next Mastermind event!
This is the place to be to meet other real estate investors, other agents, other Astro members, and listen to some of the biggest names in the industry right now.
Mark your calendars – October 7-9. Can’t wait to see you there!