Working as a residential REALTOR® is still one of the lowest cost – highest return business opportunities available to you.
However, you will still carry overhead. You must also be prepared to spend a great deal of your time building momentum.
|
In general, your annual overhead could look like this: |
Sole practitioner (in a traditional brokerage) |
Team Member Vital Home Realty |
|
Annual licencing & memberships (per annum) |
$4,000 |
$4000 |
|
Website maintenance (website set up might be an additional $5,000 to 10,000) |
$9,000 |
included |
|
Electronic tools (doc signing & transaction management) |
$1,000 |
included |
|
Social media marketing (paid for) |
$12,000 |
included |
|
Google PPC |
$12,000 |
included |
|
Brokerage fees* estimated & varies from brokerage to brokerage |
$30,000 |
$23,000 |
|
Total approx. overhead per annum (excludes, vehicle, computers & phones etc. |
$68,000 |
$27,000 |
* Some brokerage bills could be a few hundred dollars. Some brokerages may charge you much more especially if they are providing sources of client introductions.
Note that if you were to join us, you would avoid direct website, social media & Google PPC costs. We provide these tools to ALL of our team members.
About the author:
You can read more about the author of this blog by clicking this link – Stuart Neal Broker Owner & REALTOR®
Want more information about careers with our team? Call Stuart our broker owner at: 780-760-2014 ext. 3 or go to our Careers page Vital Home Realty Careers.
Posted by Vital Home Realty on
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