21,291
Bob,
You ask the most timely questions. Recently, I put my license activities on hold to take care of a family member, but I've come back into it again with a new broker, so I know EXACTLY what it costs to bring this in California. I work with a major company here, and the costs for my Board fees, my MLS, my key (to open the key boxes), new signs, stationery and cards, and increased auto insurance came in around $3000. If I added the cost of getting the license from scratch (test, classes, filing fees), the cost elevates to around $3500 total for costs.
There are also incidentals to consider--clothing, shoes, makeup, hair/grooming--that are necessary to do this job. While there are opportunities to be "business casual," a good agent is still a polished agent in appearance and skill.
So I'm going to say between $4,000 to $5000 in California.
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Les & Sarah Oswald
Eastvale, CA
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Ryan Huggins - Thousan...
Thousand Oaks, CA
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Bob Crane
Stevens Point, WI
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Sam Shueh
San Jose, CA
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Nina Hollander, Broker
Charlotte, NC
989,652
Depends on your monthly living budget as well - Minimum 6 months living + start up costs - can be well over $10k
Aside from classes, test, dues (right there you're at over $2k alione) - you have signage, business cards, living expenses to go full time, lock box key, any technology you want to employ etc.
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Jennifer Mackay
Panama City, FL
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Bob Crane
Stevens Point, WI
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Nina Hollander, Broker
Charlotte, NC
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Jessie Cochran
Panama City, FL
5,005,659
I have no idea but gussing over a $1,000.
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Bob Crane
Stevens Point, WI
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Nina Hollander, Broker
Charlotte, NC
846,475
Classes $395.00
Board dues including NRA $685.00
Pencils, what's a pencil?
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Bob Crane
Stevens Point, WI
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Nina Hollander, Broker
Charlotte, NC
582,106
There are plenty of hidden fees involved as well, including lockbox costs, Realtor Association costs and dues (national/state and local), assorted MLS expenses, follow-up (post-license) education and training, E&O (if not covered by broker), desk fees and other in-house expenses imposed by the broker, start-up marketing/branding and personal advertising (such as an agent website). All these push the cost up far higher than most newbies realize.
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Bob Crane
Stevens Point, WI
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Nina Hollander, Broker
Charlotte, NC
1,197,262
I am not sure but the costs to get started do not even come close to the expense of running the business.
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Bob Crane
Stevens Point, WI
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Nina Hollander, Broker
Charlotte, NC
3,626,530
Around 1,500.00 to 2,000.00
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Bob Crane
Stevens Point, WI
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Nina Hollander, Broker
Charlotte, NC
2,538,633
Good morning Bob. Have been told it is between $1500 and $2,000.
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Bob Crane
Stevens Point, WI
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Nina Hollander, Broker
Charlotte, NC
3,164,294
I would say $1500 between classes, background check and testings and license fees
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Nina Hollander, Broker
Charlotte, NC
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Bob Crane
Stevens Point, WI
5,049,477
Not sure but guessing over $1000. Do we even need a pencil these days?
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Nina Hollander, Broker
Charlotte, NC
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Bob Crane
Stevens Point, WI
1,771,867
thousands
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Nina Hollander, Broker
Charlotte, NC
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Bob Crane
Stevens Point, WI
4,936,716
Boy classes probably 1200, Test another 400, and then so much more.
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Bob Crane
Stevens Point, WI
5,868,554
It has been a long time since I had to do this, but reading some of the posts, can imagine this amount being $5K or more. Also, keep funds in the savings account to get you through until the first closing (or more).
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Bob Crane
Stevens Point, WI
6,393,609
I am amazed at how inexpensive it is in many states.
Even without the pencil I think that it may be at least 3 to 5 thousand in Wisconsin
Over a thousand just for the first year with the Realtors assn.
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Bob Crane
Stevens Point, WI
617,935
Bob,
It looks like around $1,500 here in Colorado.
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Bob Crane
Stevens Point, WI
1,725,996
Over $1200 not including pre-licensing and exam costs
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Bob Crane
Stevens Point, WI
864,658
Grace Morioka pretty much answered it for the state of CA. However, the cost is slightly more reasonable for the Southern part of the state.
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Bob Crane
Stevens Point, WI
4,800,082
Just the basics, I'm guessing around $1,000 for class, joining the board and dues.
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Bob Crane
Stevens Point, WI
5,216,740
Would think the major cost is joing the Natioanl, State and Local boards along with the MLS fee, lockbox fee and finally E&O. Past that you will have incidentials lke lockboxes, signs and business cards!
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Bob Crane
Stevens Point, WI
1,502,998
The board was almost $2k. Can't speak to the other costs, classes were 18 years ago. Exams are cheap and the fingerprint was too.
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Bob Crane
Stevens Point, WI
69,794
About $1500 each I believe, not including your time. By the time you pay for books, classes, lectures, fingerprinting/background check, commission fees, REALTOR® fees, and taking and passing the test once, E&O insurance, and driving to and from the test..... I think that was about it.
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Bob Crane
Stevens Point, WI
921,504
To get ones license and reach the status of "I am a agent. Now What?" only costs about $2,000.
However that does not mean you have a business. To actually sustain a business, where there is measurable income, the costs start piling up. How high depends on that business plan.
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Bob Crane
Stevens Point, WI
1,239,901
classes-$500
license-$200
e&o-$650
Dues+Supra-$960+fob.
Desk fee- strong negotiation skills ask for a waiver. after it comes up go to another brokerage that is lower or free. It can be $400/mo.
color printing, cards, flyers
transaction fee (if sell) $300 ea
Website-custom $1000+IDX fee
custom signs-$500 before the year end go order another set for the next brokerage
Phone service
technology fee
umbella insurance policy
------------------------------
Cards
car lease
traffic ticket(s)
door knocking w/o a city solicitation license
suit/professional dress
gas
shoes
marketing
mailing
after 1 year no sale -file bankruptcy
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Bob Crane
Stevens Point, WI
3,071,489
4,572,364
1,466,207
Bob Crane I'd say around $1,500 to get started. Much more to stay in the business.
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Bob Crane
Stevens Point, WI
3,986,258
You Ned to spend some money to get things rolling
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Bob Crane
Stevens Point, WI
5,583,278
not enough.... up the fees and reduce the number of participants.....
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Bob Crane
Stevens Point, WI
1,513,143
7,836,419
I have not done the calculations.
I started by opening an office and it required a major investment.
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Bob Crane
Stevens Point, WI
4,434,127
5,104,931
No idea, as I've been licensed in NC for going on 19 years. But it's not cheap and when you consider costs of joining mls, etc. it can't be less than a couple of thousand dollars these days.
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Bob Crane
Stevens Point, WI
516,537
It use to be close to $1,000 but I think it has gone down a little bit. When I started the classes were $500-$600 and now people can go online and get them for $250. The $1,000 doesn't include computer, printer, etc. When you get started you can work for a company that provides all of that-although it's best to have your own.
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Bob Crane
Stevens Point, WI
1,157,785
It depends upon the individual, the definition of "total cost" and what is being started.
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Bob Crane
Stevens Point, WI
321,564
4,319,419
Bob Crane it is under $700 including exam, classes etc - if done in one attempt....lol!
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Bob Crane
Stevens Point, WI