Re:Ask HN: Has anyone become a licensed realtor just to save...
by amerkhalid on Friday September 13, 2019 @09:56AM
(#20962166)
I just got my real estate license in Texas. The total cost of education, license, then signing up with broker and joining NAR, will be around $3,000 for the first year. Ongoing cost would be around $2,000 yearly.
As an agent you will likely split your commission with your broker, usually 50% for new agent but you can find some that offer take only 30% or even less.
For me, it was a little bit of impulse decision, we are planning to sell our townhome and move to a house in next few years. But also we have been looking into real estate investments.
We need to close one transaction a year to breakeven on cost of real estate license. Probably not worth it but now that I have license and I will helping friends and family and hopefully it will be worth it.
Also like others have said if you are selling your own home, you most likely don't need a license.
As an agent you will likely split your commission with your broker, usually 50% for new agent but you can find some that offer take only 30% or even less.
For me, it was a little bit of impulse decision, we are planning to sell our townhome and move to a house in next few years. But also we have been looking into real estate investments.
We need to close one transaction a year to breakeven on cost of real estate license. Probably not worth it but now that I have license and I will helping friends and family and hopefully it will be worth it.
Also like others have said if you are selling your own home, you most likely don't need a license.