Many people wonder, “What is the ROI of a real estate license?” After all, the cost of the real estate license is typically about a thousand dollars, which can be a significant investment. But it’s possible to make that money back many times over, even with just one transaction. And if you’re an experienced real estate agent, you can even make a career out of it, putting your knowledge to work for you.
One reason to consider obtaining a real estate license is the money and time it saves. Purchasing a home through a real estate license will save you the time and money of hiring a realtor. Additionally, you’ll be able to sell it for a decent ROI. But, you’ll probably need to wait months before you can make your first sale. That means that you should invest in a real estate license to supplement your income in the meantime.
To obtain a real estate license, you must complete an application and take a test. In some states, you’ll need to provide a score sheet from a state background check, while others will require fingerprints and FBI background checks. You can find the requirements for the real estate license process on your state’s real estate commission website. Additionally, to be able to work as a real estate agent in another state, you must also take a pre-licensing course offered by an accredited institution.