Here are the Start-Up Cost estimates for most states. Since the various costs are from different government and private entities, prices are subject to change but usually not by much.
|Initial Start-up Cost for the State of Texas & Florida|
|-0-||Fee to set up your LLC from the Secretary of State ($99 from Legal Zoom)|
|$306||State filing fee, Varies by State. California, Florida, and Texas|
|-0-||Employer Identification Number|
|$650||E&O Insurance for your LLC (Varies by Provider)|
|$325||Application for Broker License by a Business Entity, Varies by State. California, Florida, and Texas|
*You will also need to join an Association of REALTORS (if not already a member) and open an MLS office account and personal MLS account (if you don’t already have one). Prices for this vary greatly depending on which Association you join.
Your start-up costs will be lower if you already have an LLC or Corporation with or without a broker’s license.
$1281 + Association and MLS fees, Total Initial Cost to get started. This is probably less than ONE commission split with your current broker!
Your Qualifying Broker Broker of Record monthly fees will not start until your company is fully licensed. If you already have a corporation, obviously your initial costs will be much less.
Qualifying Broker of Record for your company as a Real Estate Broker and first licensed agent (You). Discount for multiple agents. First Partial Month FREE for new agents. No Annual Fee.
Up to four (4) agents. WOW – First Partial Month FREE for new agents.
- No Hidden Fees
- No Annual Fees
- No Commission Splits
- No Desk Fees
- No Transaction Fees
- No Franchise Fees
- No Lease Fees
- No Kidding
*Real estate agent sponsoring broker