Real Estate Agent Expenses
How much does it cost to become a Real Estate Agent?
Real estate agent start-up costs vary depending on location, and on the board you would join.
But here’s an idea of the investment you’ll make.
Education and License fee:
Salesperson Registration Education Program (Ontario): $3,600 (Approximately) License Fee: $2000 (Varies) Insurance: $450 (Varies)
Note: Fee structure can change at any point by the regulatory authorities, please check with your location registration office/ board.
Start-up and First-Year cost
Brokerage cost and Desk fee: $1200-1500 (Varies) Internet & Cell phone: $900-1500 Office Supplies: $300-$500 Website: $500 (Varies) Misc.: $ 2000-$4000 (This includes your marketing, gas, Vehicle maintenance)
Pro Tip:
Wise agents keep a reserve of 3-6 months in case the market is slow, and you are not able to close enough deals or if there are delays in commissions cheques.
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