YOURĀ Investment
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. Ā 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. Ā This is an estimated list of the minimum services an agent in Virginia must procure in order to begin.
Real Estate Licensing Course
- ApproximatelyĀ $379
PSI State and National Testing
- Testing āĀ $60
License Activation at theĀ Virginia Department of Occupational and Professional Regulation
- License Activation-Ā $170
REALTORĀ® AssociationĀ (Required within 30 days of affiliation)
- New Member Fee ā $275
- Local, State and National Association Dues ā $690 (prorated throughout the year)
- Total āĀ $965Ā
Sentrilock Lockbox System
- Service ā $150
- New Activation ā $75
- Total āĀ $225
MRIS Multiple Listing Service (Required within 30 days of affiliation)
- New Subscription Fee ā $250
- Quarterly Fees ā $119
- Total āĀ $369
Errors and Omission Insurance (Provided by Broker)
- $300-$600 (CBE’s is only $300 / year)
For more information please feel free to reach out to our professional development staff. Ā You can email us atĀ careers@coldwellbankerelite.com
JOIN THEĀ ELITE TEAM
Interested in a career in Real Estate and joining the Elite Team? Fill out the form below and our Director of Business Development will get back to you shortly.