The Book
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
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