Your Texas Broker Sponsor of Record monthly fees will not start until your company is fully licensed.
Texas Broker Sponsorship for your company as a real estate Broker and first licensed agent.
Texas Broker Sponsorship for your company as a real estate broker and up to five (2-5) agents.
It is important to be conscious of startup costs as you prepare to begin your journey with YourBroker. Start-up cost estimates for Real Estate Broker Sponsorships in Texas are below. These start-up costs are sourced from various governmental and private entities, as such prices are subject to change. Start-up costs will be less if you already have an LLC or Corporation with or without a broker’s license.
One-Time Initial Start Up Cost for the State of Texas
|-0-||Fee to set up your LLC from the Department of State ($99 from Legal Zoom)|
|$306||State filing fee for new Texas LLC|
|$650||E&O Insurance for Your LLC (Varies by Provider)|
|$325||Application for Broker License by a Business Entity in Texas|
|-Varied-||Join an Association of Realtors (if you are not already a member)|
|-Varied-||Open an MLS office account and personal MLS account (if you don’t already have one)|
|$1281+||Total Initial Costs (probably less than one commission split with your current broker)|