When considering a career in real estate, the upfront and ongoing costs are important considerations.
Real Estate Training Institute breaks down the costs of becoming a real estate professional and provides you with the knowledge needed to make an informed decision. Listed below is a breakdown of your estimated initial investment.
Your regular expenses will continue, so a good rule of thumb is to have six months worth of day-to-day expenses in savings to be able to continue paying your current bills.
Pre-License Course & Fees
In-Class $400-$500
On-Line $200-$400
GA Real Estate State Exam $115.00
Criminal History Report $25.00
License Activation Fee (first 4 years) $170.00
-If paid after 90 days from taking the AMP $340.00
License Renewal Fee (every 4 years)
-If paid online $100.00
-If not paid online $125.00
Realtor’s Designation
NAMAR Annual Dues $350-$376
-Prorated if applied for after March
Application Fee $25.00
Multiple Listing Service Fees
MLS Supra Lockbox Activation Fee for Phone $50.00
MLS Supra Lockbox Adapter for Phone $58.25
MLS Supra Lockbox Key Software for Phone (monthly) $14.73
MLS Supra Lockbox Activation Fee for ActiveKey $50.00
MLS Supra Lockbox Key (every 6 months) $106.89
MLS Supra Lockbox Key Insurance (optional) $25.00
Desk/Office Fees (Determined by Brokerage) Optional
Mandatory Training
Post-License Course (25 Hours) $100-$200
Insurance
Errors & Omission’s (payable annually/market rate) $250.00
Health Insurance (optional-strongly suggested) Optional
Equipment
Laptop or PC $200-$2000
Microsoft Office (may be included with computer) $250-$450
Digital Camera with Minimum 5.0 megapixels $100-$300
Miscellaneous
Listing Signs / Sign Riders / Name Decals $50-$200
Business Cards $20-$75
Name Badge $10-$20