- $400-700 Pre-licensing education
- $45 Testing fees (not including re-test fees if necessary)
- $284 New License Fee aprox.
- $75-150 Per year-Continuing education
Professional development and conferences
- $600+/Year MLS fees
- $600-700/Year Realtor Association fees
- $225+/Year Errors and Omissions insurance (varies)
- $1000+/Year Broker costs and desk fees
- Self-employment income taxes
- Health insurance
- Office supplies
- Internet and cell phone service
- $1500+/Year Technology products and services (client management systems, lock boxes, leads etc., signs)
Vehicle expenses &&Gas
- $1200+/Year Marketing expenses (some agents spend $1K per month on advertising for new clients &&marketing listings for sale online &&in print).
And other expenses not mentioned here that may apply to your business niche.