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Updated almost 9 years ago on . Most recent reply

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Mel Locke
  • Bellingham, WA
2
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14
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Monthly Costs Being A Realtor Outside Of Brokerage?

Mel Locke
  • Bellingham, WA
Posted

I know that it can vary widely depending on how the agent and their brokerage do splits and desk fees. I am interested in the other costs, like membership fees (NAR I am guessing is a requirement), MLS access (or is that through the brokerage?), is there some kind of insurance in case a deal goes sideways, (Realtor malpractice?). How about taxes, they are due quarterly how does a new agent even come up with a number?

BP has a Pro section and there are no shortage of other websites geared towards agents offering a variety of services, are there any other big sites that draw a lot agents?

I know that there are endless things you can spend money on, I am just looking to see what the average, if that is even a thing, agent costs are.  Any insight would be great, I am in WA, but would be curious to see if it varies greatly between states.

Thanks!

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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
30,081
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

I spend about $30,000-$35,000 a year on overhead for the agent side of my business. MLS Dues, E&O insurance, office supplies, sentrilock fees, realtor association dues, marketing, postage, cost of preparing and marketing listings, crm software. Im sure there are other things Im not thinking about.

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