Posted by GL(ON) on July 16, 2002 at 12:06:44:
I took the course and found it valuable in terms of general real estate knowlege and getting on an even footing with real estate professionals and lawyers. It will give you confidence and help you as an investor even if you never get your license to sell real estate.
Of course you must have it if you want to be a real estate salesperson. This will not hurt your investing but it will not help as much as some people think. It will help though.
The funny thing is selling and investing are two different things and seem to appeal to two different temperaments. The investors who got their real estate licenses soon dropped them to invest full time, and the sales people who invest soon give it up to concentrate on sales.
I only know one real estate sales person who also did well in investing. HE was an old timer in this area named John Clausen. He sold real estate for years and accumulated some rental properties at the same time, and when he reached retirement age he was very well fixed financially, unlike most salespeople.