Dues, Fees, Dues, I had no Clue!!

wpid-images-81.jpg.jpeg

Uugghh! Fees, Fees, and MORE Never-ending dues and fees. This is the time of year when real estate agents; not only review what they have accomplished and set new goals for next year, but this is also the time of year when fees for running your business are due.  While it is true that you must investment before you can get a return, I had no idea that it would cost me so much to maintain a real estate license.  DISCLAIMER: This information is NOT intended to scare you but it will definitely cause you to consider your motives for having a career in real estate.

Real Estate PSI Exam Prep (MD, State & Legislative portions) (one-time fee if pass)$59
MRIS (to list and search for  homes etc..; different cities have different Listing Services), $460 initially then $165 quarterly
Nat’l. Association of Realtors (NAR) membership  Includes: subscription to industry magazine, discount on services and courses, SentriLock Lockbox & SentriCard services; access to contracts & forms, $870-$905

NAR Breakdown of costs:
– $223, MD Association of Realtors,   (10-01-15 thru 10-31-16)
– $327, PG Association of Realtors,     (10-01-15 thru 09-30-15)
– $155, Nat’l. Association of Realtors, (01-01-16 thru 12-31-16)
– $65, Nat’l. Association of Realtors, (10-01-15 thru 12-31-15)
– $100, Processing Fee
– $35, Voluntary RPAC Contribution*

SentriCard Subscription (key to open electronic lockbox),$160
SentriLock Lockbox (to hold keys that open the doors for home entry), $150
RE Cont. Ed. Course: MD Legislative Update, $30-$40
RE Cont. Ed. Course: Maryland Ethics and Predatory Lending,
$30-$40
RE Cont. Ed. Course: MREC Agency – Residential, $30-$40
RE Cont. Ed. Course: Electives (#credits), $30-$40
Error & Omissions Insurance, $100-$250
To Activate or Transfer License to Broker, $110-$200
Pre-licensing Real Estate class- 60 hour course (one-time fee), $243

Honestly, these figures are not meant to scare or to discourage you from pursuing a career in real estate because 1.) The individual amounts are not due all at once and, in some cases, you can make payment arrangements 2.) You will recoup the money on your first transaction 3.) It is great to be informed so that you can count the cost prior to beginning anything 4.) Knowing this information will help you to make an informed decision 5.) these amounts, mileage/business use of your car, and much more can be tax write-offs (Check back for suggested websites that contain a list of tax write deductions); and finally, 6.) A real estate career is very rewarding!! If you have any questions, please contact me

Until next time, enjoy life’s journey!

Feel free to visit any of my websites and provide feedback, likes, or comments.

Brenda
Real Estate D.I.V.A.– Distinguished. Indispensable. Valiant. Authoritative Keller Williams Preferred Properties
realestatedivabrenda@gmail.com                                          Websites: www.realestatedivabrenda.com    Blogs: Diary of a Real Estate Diva, www.diaryofarealestatediva.com          ilovetheDMV, http://www.ilovethedmv.blogspot.com    Facebook Page: www.facebook.com/realestatedivabrenda                Google +: plus.google.com/u/0/+RealEstateDivaBrendaDouglas      Pinterest: https://www.pinterest.com/RealEstateDivaB/                              Twitter: https://twitter.com/realestatedivab                                    Instagram: https://instagram.com/realestatedivabrenda                                                      LinkedIn: https://www.linkedin.com/in/realestatedivabrenda                          Vimeo: www.vimeo.com/realestatedivabrenda                        Vine: https://vine.co/u/1186395941247287296  Homesnap: http://www.homesnap.com/real-estate-agents/Brenda-Douglas?viewas=self   YouTube Channel: https://www.youtube.com/channel/UC_BhLwql_ihoDuKi5IMgq4w

#realestatedivabrenda #realestate #brendadouglas #realtor #makememove #homebuyer #seller #buyingahouse #sellingahouse #realestatediva #realty #license

Advertisements

About Real Estate Diva Brenda

Brenda Douglas aka Real Estate Diva Brenda is a luxury/probate agent, blogger/vlogger, seminar leader, Diva Home & Lifestyle Podcaster & Co-Author. The DMV is one of the most desirable places to live, work, and visit! And I can help you live here. Whether you want to buy, sell or invest in a DMV (DC, MD, VA) property, I can help! Contact me to get started today at realestatedivabrenda@gmail.com www.facebook.com/realestatedivabrenda www.facebook.com/divahomeandlifestyle www.diaryofarealestatediva.com plus.google.com/u/0/+RealEstateDivaBrendaDouglas https://www.pinterest.com/RealEstateDivaB/ https://twitter.com/realestatedivab https://instagram.com/realestatedivabrenda https://www.linkedin.com/in/realestatedivabrenda YouTube Channel: https://www.youtube.com/realestatedivabrendadouglas KWPP Mobile App: http://www.app.kw.com/KW2BR7YKN
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s