5 Good Reasons to Have a Broker's License

By
Real Estate Agent with Berkshire Hathaway HomeServices PenFed Realty, Your Clarksville Real Estate Professional TN Broker: 208698
http://actvra.in/4YJh

Why Get Your Brokers License?

Goal settingIn many states there are lower license statuses than having a full broker's license. For instance in Tennessee, you must have an affiliate brokers license for at least 3 years, take and the Broker's Office Management Course and have dozens of additional educational hours to qualify to take the broker's exam. With all that extra work, why should an agent aspire to get a Brokers License? 

  1. It is good to set goals. If you plan to stay in the real estate business this is a natural step to attain and certainly will not hurt you.
  2. The education is good for you. Taking those extra classes will let you know what is involved in being a broker or owning or running a real estate brokerage. You will see it from the other side.
  3. Some respect comes from this level of licensure. Your peers and even the public realize that it is an achievement and may seek you out.
  4. It opens doors of opportunity. In Tennessee, you can open you own company, become a manager or trainer, teach real estate classes and in some situations even hold more positions and roles at your local Realtor® Association.
  5. It's liberating. Having a brokers license means you are in control of your future and have choices. I tell new agents to work toward getting their brokers licenses because it just makes sense for their career growth. The benchmark or state requirements can change in the future and getting one in the future may be a lot harder.

I think it's a smart thing to do. Having more knowledge is powerful and having more options enables you to look at your future with bigger eyes. 

Why Get Your Broker's License? It is liberating. I have never regretted having a brokers license which enabled me to manage agents and open my own real estate company. Many opportunities would have passed me by if I had not had it. You may never choose to manage agents or own a company but I can guarantee that knowing you could if you wanted to is empowering.

If you thinking about getting your Broker's License, is it on your plan for this year? 

Posted by

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Frank Rubi 02/10/2017 07:33 AM
Topic:
Real Estate Best Practices
Groups:
Almost Anything Goes
Diary of a Realtor
Bananatude
Tags:
goals
opportunities
options
brokers license
management

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Rainer
157,969
Chris Lima
Atlantic Shores Realty Expertise - Port St Lucie, FL
Local or Global-Allow me to open doors for you.

Debbie, you make a great point on this one. Even if your intent is not to open your own office, having the knowledge is priceless. 

Jan 12, 2017 06:00 AM #49
Rainer
51,482
Brian DeYoung
Realty USA - Ithaca, NY
Brian DeYoung

I agree completely. Having the Brokers license is my safety net and security blanket.

Jan 12, 2017 06:25 AM #50
Anonymous
Janie Daigle

Great Post!
I am in the process of getting my Broker's license. I've been an agent for 10 years, have worked in the Title business and have provided title for Re-locations, REOs and traditional type of deals, been a Property manager, recently became a Landlord, and now more than happy to take my next step. In Texas, one must have accumulated points in sales, plus class hours, and minimum of 5 years as an Agent before even applying for the state Exam. I hope to complete my class hours this month and take the exam by next month.
Your post is spot-on! I am enjoying my classes. Some of the material is a great refresher. Most of all, I will have the power to approach my Broker and negotiate our commission split. After all, I will be a much less risk for him as a Broker Agent. I do not wish to own my own Brokerage because I have other plans for my time but would like to keep as much of my commission as possible. Totally related to your wonderful post!

Jan 12, 2017 06:37 AM #51
Rainmaker
1,437,904
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

I teach the Broker Series classes for 4 different Realtor Assoc. in our State .

Jan 12, 2017 07:23 AM #52
Rainmaker
217,935
Krystyna Baty
The Real Estate Group - Torrance, CA
HONESTY TRUST TECHNOLOGY SERVICE RESULTS

I got my broker's license last year for the reasons you mentioned.  I may or may not open my own office - just having that option is a great feeling

Jan 12, 2017 08:01 AM #53
Rainmaker
1,223,039
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
your real estate writer

I agree on all points. Having that license gives you options - and options mean freedom to do as you wish. As for the education - that's good whether you get the license or not.

 

Jan 12, 2017 09:05 AM #54
Rainer
326,314
John Dotson
Preferred Properties of Highlands, Inc. - Highlands, NC - Highlands, NC
The experience to get you to the other side!

You can never be to smart, and getting the extra training/education for a Brokers license is well worth the time and expense - and the peace of mind to know you always have something to fall back on without having to rely on someone else.

Jan 12, 2017 10:01 AM #55
Ambassador
2,388,892
Ed Silva
RE/MAX Professionals, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

In Connecticut an agent needs 2 years of real estate experience before they can take the broker's exam, provided they also have taken the required classes.  I got my broker's license 2 years and 1 week after getting licensed as an agent

Jan 12, 2017 10:17 AM #65
Rainmaker
578,817
Todd & Devona Garrigus
Garrigus Real Estate - Beaumont, CA
Broker / REALTORS®

I just obtained my broker's license last year. Within a month of having it my wife and I opened our own brokerage. It was the plan all along and we've been working in the business for nearly a decade but getting my broker's license was one of the best decisions I have ever made.

Have a great 2017, Debbie!

Jan 12, 2017 10:35 AM #66
Rainmaker
484,845
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Debbie Reynolds - As many have already said, the knowledge one gets from taking the additional classes is very worthwhile in the scheme of things. 

Jan 12, 2017 10:55 AM #67
Rainmaker
208,283
John Wiley
Jones & Co. Realty - Cape Coral, FL
Lee County, FL Real Estate GRI, SRES,SFR,PSA

Thanks Debbie for giving us a good understanding of the benefits of having a Broker's License.

The better you are prepared the better you can serve.

Jan 12, 2017 03:46 PM #68
Rainer
12,889
Leona Greenlow-Turner
Keller Williams Realty, Danville - Antioch, CA

I am two courses away from taking my Broker's exam. Everyone I know wants me to have it but I don't see the logic in getting the license. According to them something magical will happen to me and I'll generate more business. (Your points 3 & 4) Thanks for giving me some strong reasoning behind finishing my courses.

Jan 12, 2017 03:54 PM #69
Rainmaker
228,742
Jeanne Gregory
RE/MAX Southwest - Sugar Land, TX
The most important home I sell is YOURS!

I would never want to be a supervising broker.  It's not what I do well, but eventually I would like to get my broker's license to run my own deal as I get closer to retirement.

Jan 12, 2017 05:35 PM #70
Rainmaker
501,808
Thomas J. Nelson, Realtor, CRS
Big Block Realty - La Jolla, CA
Co-Host of Mail-Right's: Real Estate Agent Podcast

Great points, however I decide to stop taking my broker's classes when I found Big Block Realty. I can build a team as an agent, work split-free and less liability!

One day I'll do it, but that day will only be for when I want to open my own office and hire agents vs. build a team.

Jan 13, 2017 05:36 AM #71
Rainer
152,674
Greg Mona
RE/MAX Platinum Living - Scottsdale, AZ
YOUR Local Real Estate and Design Resource in AZ!

Hi Debbie Reynolds. I earned my Broker's license a little over 5 years ago. At that time I had designs on opening our own brokerage, which was my main impetus for the license in the first place. Well, that never did happen, but it is nice to know that option is still there.   Personally, I haven't seen the benefit of additional transactions, etc. simply by virtue of having it. Perhaps I haven't leveraged it like I should have? The other thing I find is many people outside of our industry do not know the difference between being a broker or an agent.  I have explained it more than once, and afterward the answer is similar; "I had no idea!" For me, anyway, they jury is still out if it was worth the effort or not.

Jan 13, 2017 05:58 AM #72
Rainmaker
2,129,773
Rebecca Gaujot
RE/MAX Vision Quest - Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Debbie, I wished I had my broker's license, but at my age, 70, I plan to retire soon.

Jan 14, 2017 02:22 PM #73
Rainmaker
41,042
Beth Bromund
Coldwell Banker Weir Manuel - Oakland Township, MI

Debe Maxwell , you bring up good points.  I'm just about to get my agent license.  Perhaps my continuing ed should include the broker's classes.  I'll look into it.  Thanks!

Feb 10, 2017 03:55 AM #74
Rainmaker
169,242
Shirley Coomer
Keller Williams Realty Sonoran Living - Phoenix, AZ
Realtor, Keller Williams Realty, Phoenix Az

My to-do list for this year includes getting my Broker license.

Feb 10, 2017 07:02 AM #75
Ambassador
816,515
Frank Rubi
Frank Rubi Real Estate, LLC - Metairie, LA
FrankRubiRealEstate.com

Debbie Reynolds all points are very good ones. #5 hits it out the park for me. Broker now 10 years and would not have it any other way. 

Feb 10, 2017 07:32 AM #76
Rainmaker
341,593
Bill Dean CDPE 314 575 6924
Worth Clark Realty St. Louis, Mo. - Fenton, MO
William Dean - Broker, Salesperson

In 2005 ,I worked for a broker who required all his agents to get a broker license .   He had hopes that we would each open a branch office, unfortunately the franchise never got a foothold in the Midwest.   Still I never regretted having the higher license, as it gave me the option to open my own office.    Now I'm working for a company with a flat fee split and I am seeing several broker/owners join us because the cost of their overhead is lower than owning an office.  I've been here 3 years and have seen it grow from 33 agents to 180+  

Feb 10, 2017 08:25 AM #77
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