California Real Estate License – Why Even Have One?
First off, let me say that I too, have been where you are right now. You’d like to make some money in real estate, or you’d like to save some money on selling your current home and buying a new home. So you are looking at getting a California real estate license in order shave off at least 3% on your next deal, or to start making a part time or full time income.
And California tends to have higher property values on average than most of the rest of the country. So it only makes sense to get a California real estate license, when you can easily pay back all of the costs and more of obtaining it with just one real estate closing.
But let me share with you my specific situation.
I really began my quest with real estate investing. I had a good friend who was an agent and wrote and submitted my contracts for me. But it came to a point where the deals that I was working on wouldn’t pan out nearly as well for me, unless I could cut down on my closing costs. Further, I wanted to have access to the MLS system, in order to be able to shop for deals myself, and not have to wait on an agent to produce them.
Have you ever just wanted to browse all the listings, and not have to consult an agent?
This is a huge benefit that having a California real estate license will enable you to have.
But let’s just take a quick example. Let’s say that you will be selling your first home for $500,000. So if you were to get just 3% of the sales price, and you split that 50/50 with your broker, you would end up making $7,500! Not bad for a month or two of work. And with your pre-licensing education starting at just $149 and your examination and licensing fees with the state being just $305, you would only be out $454, which is a gain of $7046 on just your first deal.
Not only that, but you can write off your education and fees from your federal income taxes!
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About Me
Hi, I'm Jeffry Evans, and before I got my real estate license, I sure was getting hit for a lot of money on my real estate deals. And I didn't know exactly what to do to get my real estate license.Lucky for you, I've taken the time to write down all the tips and information you'll need to easily get your own California real estate license so you can start making (or saving) money in real estate...
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I guess I’ve never thought of it like that – just having my license could open up a lot of opportunities, without actually having to commit to it full-time agent to start. Plus, that really is a small investment for a potentially great reward.
Thanks for the article…