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Updated over 10 years ago on . Most recent reply

User Stats

57
Posts
33
Votes
Eric McCully
  • Rental Property Investor
  • Memphis, TN
33
Votes |
57
Posts

Costs associated with becoming licensed

Eric McCully
  • Rental Property Investor
  • Memphis, TN
Posted

Memphis investor here. Small time (6 SFHs and 1 fourplex so far) but poised to grow. Curious about getting real estate license, but I'm having trouble getting a grasp on the true costs associated with getting licensed and then maintaining license. Seems like there are MLS fees and association dues once up and running, but I can't really find out what cost I'm looking at and what other fees there may be, other than commission splits or transaction fees to broker. Can anyone enlighten me? Particularly anyone licensed in the Memphis area? As a heads up, I'm a TN resident but would like to hold license in TN and MS. Thanks in advance. New to BP but really enjoying the forums and podcasts.

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