A guide for new agents: Expenses, Part1

Ready,… Set,… Spend!

As the saying goes; “it takes money to make money”. The Real Estate business is no different than any other business when it comes to this concept. However when it comes to start-up costs, real estate is one of the few businesses an individual can start and run successfully for only a couple grand. Back in the day, when you could sell real estate without a license, it was possible to start out in the industry without spending a dime. That’s not the case anymore. Because a real estate license is required to sell real estate in the United States any individual looking to become an agent must spend some cash in order to get started.

Your first expense will be your real estate classes and your license exams. Once you have become licensed you will then be responsible for at least 2 other items; errors and omissions insurance (E&O) and your Multi-list subscription (which is something you cannot do without at this point in our technological evolution). Some companies may say that they pay for these items for you, but just remember that it comes out of your pocket one way or another.

The most important of all expenses after getting licensed is the expense of your marketing. I will not go further into detail about expenditures at this time. The lesson to be learned from this section of the guide is simple: If you want your business to grow, be prepared to spend some money.

Dustin Nulf
Keller Williams Realty
cell: 412-496-8811
www.dustinnulf.com
dustinnulf@kw.com
***If you're interested in finding out what Keller Williams can do to help you and your real estate business grow feel free to contact me via cell phone or email.***