How Much Does It Cost to Work as a REALTOR®?

Posted by Stuart Neal on Friday, July 31st, 2020 at 6:34pm.

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

Ambergate Realty Advisors

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 Ambergate Realty Advisors Careers.

 

 

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