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Updated almost 8 years ago on . Most recent reply

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Ashish Acharya
#2 Tax, SDIRAs & Cost Segregation Contributor
  • CPA, CFP®, PFS
  • Florida
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3,854
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Cost to get MLS access after I get my RE license?

Ashish Acharya
#2 Tax, SDIRAs & Cost Segregation Contributor
  • CPA, CFP®, PFS
  • Florida
Posted

Hello All,

I have decided to get my RE license. However, I am not trying be a full-time agent. I just want access to the MLS to be able to run comps and schedule appointments on my own.

I did some research on what would be the monthly cost to be an agent with brokerage after I get my RE License. This is what I got:

“Here are the minimum monthly costs an agent will have: (Monthly)

Marketing $250
Insurance $40
MLS and board dues $50
Office fees $200”

I wanted to ask if there is an option to pay just the MLS access fee to brokerage. I am from Atlanta, GA. Also, if someone can recommend me the brokerage in Atlanta that might offer that service, it would be very helpful.

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Most Popular Reply

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340
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Tom Parris
  • Realtor
  • Tampa, FL
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Tom Parris
  • Realtor
  • Tampa, FL
Replied

Hi @Ashish Acharya

To get access to the MLS you have to be a Realtor. Realtor is a trademarked term that is owned by the National Association of Realtors. Meaning to call yourself a Realtor, you need to join your local Realtor Association. In my association, I pay twice a year. I pay my annual dues to the association which is $500 due in September, and my MLS dues of $350 which is due in two weeks. You don't get to choose just the MLS, you have to join the association. You'll also have to pay $15/mo for Supra, which is the electronic lockbox account to allow you to open one.

Every brokerage is structured differently. I pay a 80/20 split, with no fees period, desk fees and E&O is included. All my marketing is done by myself, and I control it what I spend. National Brokerages charge more because of their brand. Go boutique, you'll spend less monthly.

Good luck!

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