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The Cost of Being a REALTOR

Most people don't understand how REALTORS are compensated for their work.  We are independent contractors, CEO's of our own business,  and we are paid commission for homes we sell.  Basically we are what the IRS calls 1099 employees.
The Basic Mandatory Expenses for a REALTOR in Lake Charles, Louisiana are as follows:
$239.00 Annual License Renewal Fee + Errors & Omission Insurance $415.00 Annual Board of Realtor Dues $600.00 TOTAL ($50 month) for MLS That Totals $1,254.00
Then there is mandatory Continuing Education and in Louisiana we are required to have 8 hours. 
The courses are usually $25 so that is a Total of $75.00 If you have a SUPRA Electronic Key you will be charged a yearly fee plus the cost of the SUPRA Key. 
$261.00 TOTAL With these basics here in Lake Charles, LA,  REALTORS incur a Total of $1,590.00 just to be in business. 

REALTORS also use their vehicles 100% of the time so there is the cost of the wear and tear on your car and the gas you spend as your drive around showing and listing property year round.
 

 
Every REALTOR has a cell phone, add in the cost of the ... more

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