Thread: Whats expenses should a new realtor expect?

Go to EXIT Realty. NO FEES, good compensation, and great training.

If you pay fees, your commission will be higher but in the beginning most people do not have the financial ability to pay those expenses until the money starts rolling.

Get training!, get a lower split and LEARN the business. Pick a specialty. You can't do it all. Ie: Commercial, Residential, Business, Builder Services...

Good luck!

Good luck in your new career. Here is an article with spreadsheets to help you get your expenses planned.

the problem is i dont know what cost how much monthly or annually? What is just a round-about figure that anyone reading this pays? For mls dues? desk fees? advertising fees? pretty much anything that i would be paying the company or the realty association?

it probably depends on where you live

Jessbug is right. It all depends on where you live and which brokerage you go with. You will have association dues, state dues, national dues and mls dues. If your broker does not supply a desk with a computer, you'll need one. Of course with the computer comes costs for ink, paper, a printer and other possible peripherals. Your broker may charge you for copies, faxes, monthly internet fees, signs, lockboxes, advertising and basic office charges. You need to be sure that you know what each brokerage will charge you or pay for you before you make a decision on where to go. But, in the end, I think it all comes out about the same and agents walk away with about 65% of their commissions no matter where you go once it's all said and done. Go where there is good training, a supportive office culture and a non competing broker/sales manager. If you aren't happy you can always move on down the road!

Originally Posted by REbuyersgroup

Go to EXIT Realty. NO FEES, good compensation, and great training.

If you pay fees, your commission will be higher but in the beginning most people do not have the financial ability to pay those expenses until the money starts rolling.

Get training!, get a lower split and LEARN the business. Pick a specialty. You can't do it all. Ie: Commercial, Residential, Business, Builder Services...

Good luck!

we have Exit Realty here where I live. I am currently taking my classes through Coldwell Banker though. I have heard alot of good things about other conpanies, you don't see many Exit Realty signs in people's yards though...

Look for good training and low fees. Then make you decision based on which office feels like the best fit for your personality and style. Meet with multiple brokers in charge before you settle on the one you like the best.