Have you already considered the pros and cons of [getting your Texas real estate license]((https://www.aceableagent.com/blog/real-estate-license-pros-cons/)? Then it’s time to go one step further and look at the pros and cons of getting your Texas Realtor license.
What’s the difference between a Texas real estate license and a Texas Realtor license?
Your real estate license is the state license that permits you to practice real estate in Texas. You can only claim to have a Realtor license if you 1) have your real estate license and 2) are a member of the National Association of Realtors® (NAR), and specifically in Texas, the Texas Association of Realtors® (TAR).
And that’s what we’ll focus on in this post: the pros and cons of taking that extra step to join the NAR (and TAR) and claim your Realtor license.
What are the pros of being a Realtor?
- Networking opportunities
- Credibility boost
- On-going training
- Legislative advocacy
Pro: Realtors Get Networking Opportunities
The Networking opportunities available to Realtors in Texas are invaluable. In addition to getting to know other Realtors and compare best practices, you can also meet lenders, escrow officers, and property managers, all of whom could help you reach and serve buyers and sellers. Never underestimate the value of being well-connected.
Pro: Realtors Get a Credibility Boost
80% of Texas real estate agents are Realtors. So this has become the expectation for buyers and sellers. To be an agent without having your Realtor license would put you at a disadvantage. Savvy buyers and sellers prefer Realtors over non-Realtor agents because they know Realtors are held to the strict Code of Ethics enforced by the NAR. Non-Realtor agents are not held to the same high ethical standard.
Pro: Realtors Get On-Going Training
Agents typically don't complete many transactions in the first few years of their careers. So they need to rely on training to keep their skills sharp between transactions. And in the ever-evolving world of real estate, newbies and veterans alike benefit from training in new technologies, changing business practices, and fluctuating market conditions.
Pro: Realtors Get Legislative Advocacy
Real estate laws are in place to protect the real estate industry and the public as a whole. Laws help homeowners retain their home values. They help buyers finance homes. They ensure that people are treated fairly in real estate transactions.
The NAR works to make sure your local community's interests are being represented. Having your Realtor license means you have a team of advocates supporting you and your clients.
What are the cons of being a Realtor?
- The application process
- The association dues
Con: The NAR Application Process
A small con to being a Realtor is the process of getting your Realtor license. Becoming a member of the NAR takes another round of paperwork. It's not a big deal, but when you're done with all your real estate licensing paperwork, the last thing you want is to complete another application process.
Con: The Expense of Being a Realtor
And now we've come to the real con of having your Realtor license: the cost.
All the benefits we've discussed don't come without a cost. The NAR currently levies annual association dues of $120 per member (increasing to $150 starting in 2019). And your local Board of Realtors (which you must also join to gain access to the NAR) will also charge annual dues to all members. The amount varies by local branch, but you should expect to pay between $100 and $300 every year for your local dues.
The benefits of becoming a Realtor far outweigh these small cons, but you should be aware of them. Prepare yourself for one more round of paperwork, and set aside enough money to cover your association dues, particularly in the early years when money is more likely to be an issue.
With just a little planning, these negatives will be painless, and you can proudly and happily enjoy your Realtor license.