So with wanting to enter a new industry or start a career, you probably have a a few questions. And don't worry, that's a good thing! Here are some frequently asked questions!
Do I need a license?
-If representing someone or selling then YES, but according to some lawyers, the requirements per license very per state
-Getting a license will teach you the proper legalities
-If you are selling your own property or buying a property, "for sale by owner" style, then no you do not need a license
Do I need a license to rent out my property?
-Yes, according to All Property Management (they have a list of requirements for all states)
-In most states, including Washington, you must have a real estate license if you are a property owner and plan on renting out the property
-If you choose to rent out your property through a property management or real estate company/ brokerage than you do NOT need a license... You just don't make as much money if you manage it yourself.
How do I get a license?
According to Brightwood Real Estate Education, this is how you can get your real estate license:
-Know the requirements. Each license is different, and each state has different requirements.
-Enroll in a real estate prelicensing course that abides by the state requirements in which you live
-Take the real estate exam
-Pass the exam and you are on your way!
Pro tip, you will want to find a mentor to help guide you through this and possibly a class.
Where should I buy real estate?
If you want to learn about where to buy real estate and where consumers like to rent, read this blog.
If you need anymore questions answered, shoot me, the author, and email! otter895@gmail.com
Comments