New agents
What it actually costs to become an agent.
Here are the categories you should budget for. Amounts vary by state and market, so I don't list guesses. I'll share my own real numbers with you.
Request my full cost breakdownPre-licensing course and exam
The required course hours for your state, plus the state exam fee.
Jonathan will share his real numbers.
State license fees
Application and license fees paid to your state real estate commission.
Jonathan will share his real numbers.
MLS dues
Access to the multiple listing service in your market, usually billed quarterly or yearly.
Jonathan will share his real numbers.
Local board / association fees
Local, state and national REALTOR® association dues.
Jonathan will share his real numbers.
E&O insurance
Errors and omissions coverage.
Jonathan will share his real numbers.
Marketing
Business cards, signs, website, ads. You control how much you spend.
Jonathan will share his real numbers.
Brokerage fees (eXp Realty)
- Commission split
- 80/20
- Annual cap
- $16,000
- Startup fee
- $149
- Cloud brokerage fee
- $85 / month
- Transaction review fee
- $25 per transaction
- Risk management fee
- $60 per transaction, capped at $750
Per eXp's published materials, confirm current figures with eXp.
Real numbers