The Cost of Starting A Real Estate Career

Cost of Doing Business

Real Estate is one of the least expensive business you can start, but there are still costs.  Coldwell Banker Elite provides countless resources to help you be a success, but the basic expenses of getting started are the responsibility of the real estate professional.

Below is a summary list of the expenses that each agent incurs when beginning their career.  This is an estimated list of the minimum services an agent in Virginia must procure in order to begin.

Real Estate Licensing Course

• Approximately $379

PSI State and National Testing

• Testing – $60

License Activation at the Virginia Department of Occupational and Professional Regulation

• License Activation- $170

REALTOR® Association (Required within 30 days of affiliation)

• New Member Fee – $275
• Local, State and National Association Dues – $690 (prorated throughout the year)
• Total – $965 

Sentrilock Lockbox System

• Service – $150
• New Activation – $75
• Total – $225

MRIS Multiple Listing Service (Required within 30 days of affiliation)

• New Subscription Fee – $250
• Quarterly Fees – $119
• Total – $369

Errors and Omission Insurance (Provided by Broker)

• $300-$600 (CBE’s is only $300 / year)