The Book 5-5-16

Initial Start-Up Costs for REALTORS ®

Please note that this is just an estimate for agents/affiliate brokers based on 2016 dues, subscriptions and fees. This is in no way meant to serve as a budget, it is merely a chart of some of your expected start- up costs and annual expenses.

Local, State & National Fees

Amount

Type

E & O Insurance

$250 - $300/two years State requirement, every two years

Supplemental E & O

$120

annual

Tennessee Real Estate Commission (TREC)

$80 (license renewal) every two years

Association Board Application

$150

one-time

Board Fees

$400 - $500

annual

Agent Services Fee

$75

monthly

License Application & Transfer (if you are transferring from another firm) MLS/Realtracs Service Fee 60-hour pre-licensing classes 30-hour new affiliate course

$25

one-time

$450 $350 $185

annual

one-time one-time one-time one-time

$42 $55

TREC required fingerprinting (as of 1/1/14)

Exam Fee

$100/per lock & card service $140/year

SentriLock Card Service & Lockboxes

$240 (approximately)

Marketing Services & Tools Business Cards

$35 - $125

as needed as needed

Yard Signs

$171/three signs

Website

free free

Name badge

just joined marketing cards

first 100 cards, free

Personalized App

free free free free free free

QR Codes

Press Release

Weekly training in your office

ongoing ongoing ongoing

Parks Professional Development Series

UpStart Training for new agents

Dotloop

free

Facility / Office Support