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Real Estate Career
Estimate Of Initial Monetary Investment |
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Tennessee Real Estate Commission: |
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One (1) 60-hour “Principle of Real Estate” Pre-license course |
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$ |
350.00 |
+ |
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Application Fee for State License Examination |
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60.00 |
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Application Fee for Issuance of License |
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130.00 |
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Errors and Omissions Insurance for 2 years (prorated monthly) |
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260.00 |
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One (1) 30-hour Pre-license course |
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175.00 |
+ |
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Association of Realtors & Multiple Listing Service: |
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Application for Association of Realtors Membership Fee (One-time fee) |
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275.00 |
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Annual Association of Realtors Membership Dues (prorated quarterly) |
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330.95 |
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MLS Annual Service Fee
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420.00 |
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MLS SupraKey Annual Lease and Insurance Fee (small keypad) |
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158.72 |
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Georgia Real Estate Commission: |
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Obtain “Employment History Certification” from Tennessee |
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25.00 |
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| Background Check |
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29.00 |
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Application Fee for Issuance of License |
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170.00 |
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Coldwell Banker Pryor Realty, Inc. |
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Technology Fee and Call Center Service (monthly)
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30.00 |
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Marketing Value Pack (Realtor.com, VisualTour.com, coldwellbanker.com)
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45.00 |
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Coldwell Banker University E-Fast Start Training (one time)
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150.00 |
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Personal Marketing (one time set-up fee) |
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25.00 |
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Centralized Showing System (one time set-up fee) |
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25.00 |
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Supplemental E&O Insurance (annual fee) |
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160.00 |
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Miscellaneous Fees: |
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Professional Photo |
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45.00 |
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Name Riders (12) |
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60.00 |
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NOTE: ALL AMOUNTS LISTED ARE ESTIMATES ONLY |
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Associates will need to budget funds for advertising and promotional materials for listings and personal promotion; car maintenance; education; cellular phone, etc. Also, associates may wish to purchase a personal computer. These expenses may vary widely, depending on associate’s business plan.
Since associate’s income is based on commission only, in addition to these expenses it is recommended that new associates have sufficient funds in savings to sustain their lifestyle for approximately six months. Industrious associates should begin to produce an adequate income within this period.
As an associate, you are an independent contractor working under the principle broker’s direct supervision and guidance. When entering the real estate business, you should approach it as starting up a small business and develop a sound business plan. |
