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Question:

Should I get My Real Estate License?

Should I get My Real Estate License?

Answer:

First of all, real estate doesn't pay well unless you sell lots of houses. In 2007 the average Realtor made $30,000 gross - that's before paying the split with their broker and their taxes. If you want to try real estate, keep your day job until you are sure you like it, and can make enough money doing it to live on. I don't know what the Kansas real estate market is like, but I suggest you do a whole bunch of informational interviews with agents, top ones and newbies and really try to find out. The brokers out there will want to recruit you because it is a numbers game with them and they keep trying to add agents to get revenue. They get 50% of your first year's worth of deals as a new agent. They win. You might not.
There may be a RESPA issue involved with remaining with your current company and also being a real estate professional. When I tried to do the opposite they wanted me to place my RE license in holding. Wish you luck

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