If you are a real estate investor and are thinking about becoming a real estate agent or becoming a Realtor, I strongly recommend it. There are tons of great advantages for real estate investors, whether you do lease option investing or other types of real estate investing. In my article on becoming a Realtor I go into some of the advantages and why I think it is so beneficial for real estate investors to have their real estate license.
I’m going to focus on one of the key advantages of becoming a real estate agent here for lease option investing. One of the biggest advantages in my opinion is the creditibility you get with other real estate agents. If you want real estate agents to bring you lease option deals time and time again the best way to get through to them is to be an agent yourself. It gives you instant credibility, especially if you are an agent with a well-known office. Other agents will be much more likely to trust you and send you those lease option deals if you are a real estate agent yourself. Sometimes being a real estate investor has a certain stigma attached to it in the eyes of some real estate agents, they don’t necessarily trust us or like us, so you have to overcome that opinion to do deals with them. But if you are a real estate agent instead they’ll look at you in an entirely different way.
As I said, it also helps to be an agent with a respected office, but most of us investors don’t want to be in an office where we have to do ‘regular’ real estate agent stuff, like floor time and so on. It pulls us away from our real estate investing focus. If you are thinking about becoming a real estate agent drop me an email at wendy@wendypatton.com and I can refer you to a respected office in your area that is real estate investor friendly.
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