Should Physician Investors Get A Real Estate License? Story

Should Physician Investors Get A Real Estate License?

Dr. Peter Kim wears many hats. Anesthesiologist. Husband and Father. Blogger, podcaster, conference organizer, and course creator. Did you know that he’s also a licensed real estate agent?

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It’s true, and he’s held that title for nearly a decade. While you don’t need to have a real estate license buy and sell properties without the aid of an agent it can make the process easier, and there are numerous other advanta ges of obtaining licensure. Read More

In this story, I want to share with you a few things that I’ve learned by getting my license and discuss the benefits and downsides of it.

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Getting your license will help learn the background behind the terms you agree to while entering a contract.

Save on Commission

When it comes to residential homes, the commission for agents varies, but they usually range between 5-6% to be split evenly between the agents on both sides. Read More

Having a real estate license can give you access to the Multiple Listing Service (MLS), which all agents use to spot new properties on the market.

Downsides to Getting a Real Estate License

- Time & Fees - Held to a different standard and liability - You’ll likely have to share the commission - You’re on your own - You might negotiate yourself a worse deal Read More

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