What start up costs are there to becoming a real estate agent?
Entering the real estate profession is like opening your own business. There are business expenses. You should work with a competent tax advisor, as many of these start-up costs are tax-deductible. In most cases, you will work as an independent contractor and work the hours you prefer, working as many or as few hours as you desire. Therefore, you must discipline yourself to get to work and accomplish the things you need to do to be successful, even if you’re working from a home office. You can expect to minimally incur the following expenses: School tuition, $539 State licensing exam, $66 First two-year’s licensing fees, $147 (includes fingerprinting and background checks) Most real estate agents will want access to the Multiple Listing Service, which has an initial application fee and monthly fees which can be paid by credit card. Monthly fees can be as low as $30 per month, but can be much higher, depending on which Multiple Listing Service or Services you are joining. In order to ha
Entering the real estate profession is like opening your own business. There are business expenses. You should work with a competent tax advisor, as many of these start-up costs are tax-deductible. In most cases, you will work as an independent contractor and work the hours you prefer, working as many or as few hours as you desire. Therefore, you must discipline yourself to get to work and accomplish the things you need to do to be successful, even if you’re working from a home office. You can expect to minimally incur the following expenses: School tuition, $539 State licensing exam, $59 First two-year’s licensing fees, $151 (includes fingerprinting and background checks) Most real estate agents will want access to the Multiple Listing Service, which has an initial application fee and monthly fees which can be paid by credit card. Monthly fees can be as low as $30 per month, but can be much higher, depending on which Multiple Listing Service or Services you are joining. In order to ha
