Getting Your Real Estate License
People asked me all the time how much it cost to get a Real Estate license. My answer is always:
- More than you realize.
- But not payable all at one time.
- It is a lot less expensive than opening a store front and being in business by yourself.
For a peek at what it looks like, see below. These figures are approximate and can change without notice or prior obligation.
|Getting your License - Month 1|
|Real Estate School (www.McKissock.com) There are all kinds of schools.||$400.00|
|Cost of PSI test||$150.00|
|Getting your License - Month 2|
|Errors & Omissions Insurance (www.Risceo.com) every 2 years||$260.00|
|*RealTracs MLS Dues (3 months) - paid every quarter||$115.00|
|Board Dues (MTAR or GNAR) - paid annually every December||$550.00|
|Dotloop E-Signature Fee - paid annually||$240.00|
|Sentri Lock Key (to get in houses) - paid annually||$120.00|
|Sentri Lock Charger (to charge your key) (www.MTAR.org)||$35.00|
|Getting your License - Month 3|
|Sentri Lock Box (security box for holding keys on homes listed; per box)||$115.00|
|Yard Signs (for listing homes) per sign||$80.00|
|Name tag (www.RecognitionExpress.com)||$60.00|
|Domain Name (www.GoDaddy.com)||$20.00|
|TOTAL APPROXIMATE START UP COST||$2,275.00|