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:

  1. More than you realize.
  2. But not payable all at one time.
  3. 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

Total

$550.00

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

Dotloop E-Signature Fee - paid annually

$240.00

Business Cards

$50.00

Finger Printing

$60.00

Sentri Lock Key (to get in houses) - paid annually

$120.00

Sentri Lock Charger (to charge your key) (www.MTAR.org)

$35.00

Total

$1,450.00

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

$275.00

Total Approximate Start Up Cost: $2,275.00

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