My thoughts exactly. - Posted by TEW, NJ
Posted by TEW, NJ on June 10, 2000 at 08:00:58:
While I’m new at REI, I too thought about becoming and agent, only for the reason of accessing the MLS system. That would be my only advantage. I want to be able to deal with folks one-on-one without having any perceived advantage than the seller. (If only they knew about (CREOline! hehehe).
There are so many ways to make connections with sellers outside of the MLS system, I just don’t think having a licence would benefit me enough to outweigh the advantages of not having one.
How about comps you say? After you work your market for any period of time, you get to know the FMV of properties. If in doubt, take a trip to your county court house and pull a few recent transactions. If nothing else, you should be able to befriend at least one realtor that can provide a couple comps when you need them.
I, like soapymac, thought about taking the RE agents course, but not taking the exam for licensure, just to gain the knowledge and information that agents are taught. This, I think, would be a worth while investment of my time. You learn exactly what all the other agents have been taught, including your State’s RE laws, mortgages, sales techniques, etc. You’ll also know what they are not taught and why they sometimes seems so misinformed.
For me, I don’t ever plan on having a RE agent license and expect to have no set-back in my efforts for not having one.