Here are the Start-Up Cost estimates for Texas. 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|
|-0-||Fee to set up your LLC from the Secretary of State ($99 from Legal Zoom)|
|$306||State filing fee for Texas new LLC|
|-0-||Employer Identification Number|
|$650||E&O Insurance for your LLC (Varies by Provider)|
|$325||Application for Broker License by a Business Entity in Texas|
*You will also need to join an Association of REALTORS (if not already a member) and open a 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.
Your Broker Sponsor of Record monthly fees from licensing date are $225 per month as detailed below:
Texas Broker Sponsor 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.
- 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
* In addition, Skyslope includes electronic signature (along with the premier transaction management solution), which is similar to Docuusign but Skyslope offers so much more than Docuusign. You will no longer need or have the other electronic signature expense. This is one of the best deals in transactions and electronic signature management in the Real Estate industry today.
* If you were to sign-up for Skyslope on your own the minimum fee would be $250.00 per month — but through Your Broker of Record it’s included! The savings is enough to cover all or most of your sponsorship fee with Your Broker Qualifying Broker of Record. Texas real estate broker sponsor