Can I put the remaining money in my 529 plan account towards real estate courses and obtaining a realtors license?

4 Answers

  • Eva
    Lv 7
    2 years ago

    No. It can only be used at an accredited college.

  • NA
    Lv 7
    2 years ago

    FWIW, real estate investment "seminars" (the get rich quick stuff advertised on TV) is not going to count.

  • 2 years ago

    No such thing as a 'realtors license'.

    There is a salesperson's license and a broker's license. You get a salesperson's license first, and then with the requisite experience as a salesperson and the additional required education, you apply for a broker's license.

    Realtor is a trademark of the National Association of Realtors. It is NOT a generic name for anybody with a license. A Realtor is a licensed broker that owns their own brokerage and is a member of the NAR.

    529 funds may be used for courses offered through any eligible institution. An eligible institution is defined as a college, university, vocational school or postsecondary institution eligible to participate in federal student aid programs administered by the U.S. Department of Education.

  • danxp2
    Lv 6
    2 years ago

    Yes, but you will have to pay the penalty fland taxes on it, unless the real estate courses are offered flby a qualifying college/university. My guess is that they are not.

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