Market Conditions in 91006>Question Details

Egidden, Other/Just Looking in 91006

What are the expected fees when joining a real estate brokerage?

Asked by Egidden, 91006 Tue Jul 28, 2009

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James Gordon ABR SFR SRS ’s answer
Other than any fees to join a broker which most do not charge you have a lot of extra expenses.
E&O insurance
NAR dues and joining fee
State Board dues and joining fee
Local Board dues and joining fee
Mls dues and monthly fee
Electronic LockBox registration and monthly fee
There are a lot of extra costs involved in start up like signs, cards, advertising,
Most new agents feel lucky if they make 5-6K the first year after startup costs.
Web Reference:
0 votes Thank Flag Link Thu Jul 30, 2009
I'm sorry I can't be exact in my answer. Every RE company is different with regards to fees to join. With the company I'm with Main Street Realtors, it only costs $120 to join. You'll probably find that with a franchise brokerage like RE/Max or Prudential or Century 21 you have to pay a lot of national franchise fees along with whatever the independently owned & operated broker charges. You really just need to contact each company you'd be interested in working at & ask them.
0 votes Thank Flag Link Thu Jul 30, 2009
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