Posted by Richard Bleuze on April 28, 2002 at 01:20:17:
I guess that it depends where you are at because in addition to the fees mentioned, most brokers, including myself, will charge E & O insurance - either per deal ($75 to $150) or per year ($800+). I’m in California. A real estate license is useful if you are in the business full time since in most cases you can use the commission to help with the down, etc. I do anywhere from 30 to 40 deals per year with 2 assistants in addition to my brokerage business. Most companies in my area will not accept part time agents because of the libility. Especially, the “BIG” national companies!