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Updated over 6 years ago on . Most recent reply

User Stats

9
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1
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Kasia Sliwa
  • Residential Real Estate Broker
  • Lake In The Hills, IL
1
Votes |
9
Posts

Real Estate Brokers Fees

Kasia Sliwa
  • Residential Real Estate Broker
  • Lake In The Hills, IL
Posted

Hello I am thinking of signing up to be real estate broker in Illinois.  I would like to know what are the fees that brokers pay every year?  

Most Popular Reply

User Stats

166
Posts
28
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Justin Pillion
  • Investor
  • Naperville, Il
28
Votes |
166
Posts
Justin Pillion
  • Investor
  • Naperville, Il
Replied

Keith McMahon hit the fees on the head. I'm also a Naperville Realtor. There will also be biannual continuing Ed that's about $225. My office/tech fee is between $60-100 a month. I spend thousands a month on marketing as well. Lock boxes are about $125 a pop also will need to buy signs open house signs business cards. And you will be investing into each listing a few hundred dollars. To protect your assets it will cost you around $700 to set up an LLC.

Just a few extras that people tend to forget about.

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