You might be considering getting into flipping real estate and whether or not its worthwhile to get a real estate license or partner with a realtor. So I’ve decided to help you out with a list of pros and cons.

Let’s start with the Pros. If you decide to get your license in Ok you will have to hold your license with a brokerage for a minimum of 2 years before you could have your own brokerage and work independently and with that comes some protection and help if you are new and need a lot of hand holding. Brokers are responsible for the realtors that work for them and have a vested interest in making sure that they are successful and most offer free training regarding the real estate processes.

Secondly, when you have a license and represent yourself you are able to reduce your commission or waive the bulk of it to make your offers more appealing. Thirdly, It can also make negotiations easier because you know exactly what your top or bottom dollar is and you can build a rapport with the selling agent according to that. Besides that, you can list your own finished product and only have to pay a buyer’s agent instead of both a selling and buying agent. Most importantly, you will have the knowledge to navigate the real estate transaction, and property management if you’re interested in that, and won’t be dependent on someone else’s availability or schedule or lack of knowledge. You will also have the ability to sell for others for residual income on the side.