What Can I Do With A Real Estate License Besides Sell Houses?
If you’re considering getting your real estate license, you may wonder what else you can do with it. A real estate license can be a powerful tool for business owners.
In this blog post, we will explore some of the non-traditional uses for a real estate license. After all, the main reason most people get a real estate license is to sell houses. But did you know that there are many other things you can do with it?
This blog post will discuss the other options available to you once you have your real estate license.
What Else to Do with Real Estate License Besides Selling House?
Most people think that the only thing you can do with a real estate license is sell houses. While it is true that selling homes is the most common way to use a real estate license, there are many other things that you can do as well.
Let’s explore some other things you can do with a real estate license.
- Investing in Real Estate
- Working as a Property Manager
- Working as an Appraiser
- Commercial Real Estate
- Leasing Agent
- REO Agent
- Real Estate Broker
- Mortgage Broker
- Real Estate Attorney
- Teach Real Estate Courses
- Foreclosure Bidder
Investing in Real Estate
One of the most popular things to do with a real estate license is to invest in real estate. This can be done by purchasing properties, renting them out, or flipping them. Flipping properties involves buying a property, making improvements, and then selling it for a profit. Many reality TV shows are about people making a living by flipping properties.
Working as a Property Manager
Another thing that you can do with your real estate license is to work as a property manager. Property managers are responsible for handling all the day-to-day tasks associated with running a property, such as taking maintenance requests, collecting rent, and dealing with tenant issues. This can be a great option for people who want to stay involved in the real estate industry but don’t want to deal with the hassles of being a Realtor.
Working as an Appraiser
If you have your real estate license, you may also be able to work as an appraiser. Appraisers are responsible for assessing the value of properties. This information is often used by banks when they are considering lending money for a mortgage. Appraisers must know the local real estate market and be able to justify their valuations with data.
Commercial Real Estate
Did you know that, on average, commercial real estate agents earn 50% more than residential agents? And according to the CCIM Institute, the top 10% of commercial real estate agents earn an average of $2 million per year. Commercial real estate is the way to go if you want to boost your earnings potential.
Leasing Agent
If you’re not interested in being a property manager but still want to work with tenants, you could become a leasing agent. As a leasing agent, your job would be to show properties to prospective tenants and help them find the perfect place to live.
REO Agent
REO stands for “real estate owned.” When a bank forecloses on a home and becomes the property owner, they often hire a real estate agent to help them sell the house. This is where you come in! As an REO agent, it would be your job to list and sell these foreclosed homes on behalf of the bank.
Real Estate Broker
If you’re looking to take your real estate career to the next level, you could become a real estate broker. Real estate brokers are licensed to manage their real estate businesses. This means they can hire and train agents, list and sell properties, and handle all the administrative tasks associated with running a business. Becoming a broker can be a great way to earn more money and have more control over your career.
Mortgage Broker
Another option for people with a real estate license is to become a mortgage broker. Mortgage brokers help people get loans to purchase property. This can be a great way to earn commission income without selling any property.
Real Estate Attorney
You could become a real estate attorney if you have a law degree and a real estate license. Real estate attorneys handle all the legal aspects of buying and selling property. This can include drafting contracts, reviewing documents, and representing clients in court.
Teach Real Estate Courses
If you’re not interested in working with clients, you could always use your real estate knowledge to teach others. Many community colleges and adult education centers offer real estate courses. And, if you’re a good teacher, you could even start your real estate school.
Foreclosure Bidder
If you’re interested in working with foreclosed properties, you could become a foreclosure bidder. Foreclosure bidders are responsible for attending foreclosure auctions and bidding on behalf of their clients. This can be a great way to get discounts on properties. There are many different things that you can do with a real estate license.
Conclusion
These are just some things you can do with a real estate license. As you can see, many options are available to you beyond selling houses. So, if you’re considering getting your real estate license, don’t limit yourself to just one option. Explore all the different things that you can do with your license and choose the path that’s right for you.
