How To Get A Real Estate License In Michigan

The following post was written and/or published as a collaboration between Benzinga's in-house sponsored content team and a financial partner of Benzinga.

If you're a real estate investor, chances are you've spent a good deal of time working with real estate professionals. You've probably also spent a good deal of your investment profits on commissions paid to real estate agents. If you are able to devote the time and energy, you may want to think about getting your real estate license as a way to increase both your investments and your income. Here are just some of the benefits of getting your real estate license as a real estate investor.

#1: Remain in control

Becoming a licensed real estate agent will allow you to remain in control of your own transactions. You'll be able to list and market your own properties. Having first-hand contact with the other people working on the deal is also helpful. With your real estate license, you are free to negotiate with other agents, as well as deal directly with appraisers, attorneys, and mortgage brokers to stay updated on the progress of the deals in your pipeline.

#2: Get access to MLS listings

Having access to MLS listings is another huge benefit for real estate investors with a real estate license. All of the latest information on available homes will be right at your fingertips. No longer will you have to rely on a real estate agent to bring great deals to you. As a licensed real estate agent, you can find them for yourself. Having a license is a tremendous advantage when it comes to seeking out those unbelievable real estate investment deals.

#3: Increase your income potential

The most obvious advantage enjoyed by real estate investors with a real estate license is the remarkable potential to increase your total income. First of all, you will be paying out significantly decreased fees by not having to pay a commission to an outside real estate agent, therefore keeping more of the sales profits in your pocket. Then there is the additional increase in income that you will generate in commissions from listing and selling your own properties. The potential increase in commissions from sales could be quite significant to your overall income at the end of the year.

What real estate investors need to know about becoming a licensed agent

There are three basic steps to getting your real estate license (Note: Check with your state's real estate commission for exact requirements and prerequisites). First, you will need to complete your prelicensing education as required by your state. One of the easiest and fastest ways to get your prelicensing education completed is with Real Estate Express. Depending on your state, you can take your courses virtually via live stream at specifically scheduled dates and times, or you can study on your own time with asynchronous learning.

Second, you will need to register for and take the real estate license exam. Real Estate Express offers a "Pass or Don't Pay" Guarantee that offers students the reassurance that if they complete their courses with Real Estate Express, they are guaranteed to pass the exam or their money back.

Finally, once you receive your license from your state's real estate commission, you can start buying and selling real estate! It's that easy. With a little time and money (check out Real Estate Express' competitively priced courses), you can be on your way to increasing your profit margin.

About the Author: Real Estate Express is the nation's premier online real estate school, providing pre- and post-licensing courses, continuing education courses, and professional development to hundreds of thousands of real estate agents across the country.

Photo by CHUTTERSNAP on Unsplash

The preceding post was written and/or published as a collaboration between Benzinga's in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.