Florida Real Estate Agent Fees

[Dorcas Wood]

Hello,  

I just started studying for the Florida real estate exam and I was wondering how much does it cost to register foe the MLS in Florida? What are the fees real estate agents have to keep up with monthly?

[Joel Owens]

Bigger question is WHY you are getting licensed?

Is it to make a career for yourself? Have access to MLS to make investments for yourself? Something to do part time for vacation money each year closing a few deals?

The cost to operate annually will depend on the brokerage you join and what you are trying to accomplish. If you are quitting a job then you need at least 6 months of reserves. So if you burn through 4,000 a month to live currently you need 24,000 in reserves while you work on putting deals together.