What are the Benefits to Becoming a Licensed Agent?

CENTER STREET LENDING

Flipping houses…can feel like a game.

Getting licensedteaches you the rules of the game.

2• Saving costs: Managing your sales and contracts to save on closing costs.

• Connections: You will join a network of fellow real estate agents who have buyers looking for homes in your area, thus growing your insider knowledge. you can develop a network with other agents who could reach out to you when they have potential homes coming onto the market.

• The search: As a licensed real estate agent, you receive alerts as new homes come fresh on the market. You can access local multiple listing.

• Education: You will be more skilled in evaluating houses and judging renovation investments. An adequate education will keep you ahead in comparable sales in your market.

How can you get licensed?

Getting a real estate license involves three steps

1. Pre-license Education 2. License Exam

3. Submit your license application

1. Pre-license Education

These requirements vary state to state. Before you can take the licensing exam, most states provide online or textbook resources. Courses be

completed in a few months. California requires 135 credit hours but Texas requires 180 hours and Florida only 63.

2. License Exam

Most exams include 100-150 multiple choice questions on national and state real estate laws and practices. A motivated learner who has taken the

course work seriously and completed practice tests has a pretty good chance of passing these difficult exams. After finishing the course work,

take the exam right away so the material remains fresh in your mind.

3. Submit your application

When you complete the exam you then submit your results to the state licensing board. You also are required to pay applicable fees and provide

requirements such as finger prints, proof of residency, proof right to work. You likely will need to be affiliated with a local real estate broker.

With a few years of experience, you can apply for your own broker license.

As you continue flipping houses, contact Center Street Lending at anytime to learn more about your financing options.

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