I am looking to work with the company Keller williams and do whole selling on the side. I have heard conflicting stories on how much it cost annually to be a agent after the completion of testing and acquiring a job. Anywhere from 5-7k to be a agent is what I have heard.
@Tim Hagins I asked this same question from a friend of mine, here's the response.
Pre exam class $395
Practice exam class $200Test $60(approx)
St Louis ***. of Realtors $629/yr $275 app fee (price varies per office) (optional depends on brokerage that holds your license) if broker belongs, you have to too.
Continuing Ed. $30/class 4 classes or 12 hrs required. (every two yrs)
Errors and Omissions insurance $650/yr (varies per office, depends on brokers experience)
Desk fees, commission agreements or referral only standings ( this all varies depending on what broker you choose to hold your license and can vary greatly.
MLS fees $60/ quarter
MO real estate license application fee and renewal fee $50-100 each time
Supra key $25 processing fee, $140/yr
I'm sure there are some other fees in there, but hopefully that give you a good idea.
Thanks for your information, yeah that looks pretty on line to what the brokerage information I have. Talked to two people outside the business they made it seem much higher than that but then again their brokerage company might have been more expensive!!
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