7 Hidden Expenses to Know Before Becoming a Realtor or Real Estate Agent (Avoid Costly Surprises!)

See our blog post with more detailed information on each of these 7 Expenses to Consider Before Becoming a Realtor at Raleigh Realty's website: raleighrealtyhomes.com/blog/c...
Welcome to our video on the 7 costs to consider before becoming a Realtor. Many first-year Realtors are surprised by the expenses involved in starting their real estate careers. It's essential to prepare for these costs and keep detailed records since all real estate-related expenses are tax write-offs. Let's dive into the common expenses you can expect: pre-licensing classes, real estate exam and licensing fees, brokerage fees, membership dues, marketing expenses, business-related expenses, and continuing education courses. The total estimated cost for these expenses is around $5,200, but it can vary depending on your state, brokerage, and marketing efforts.
The median annual salary for real estate agents is $52,030, but your earnings will depend on the time you invest, your experience, and your ability to manage costs. As you begin your real estate career, maintaining good financial records and balancing expenses with earnings will be crucial for growth. For more detailed information, click the link above to read our blog. If you found this video helpful, please like and subscribe.
TIMECODES
00:00 - Intro
00:28 - Expense 1: Pre-License Real Estate Classes
01:17 - Expense 2: Real Estate Exam & Licensing Fees
01:51 - Expense 3: Real Estate Brokerage Fees
02:26 - Expense 4: Real Estate Membership Dues
03:18 - Expense 5: Realtor Marketing Expenses
04:02 - Expene 6: Business Related Expenses
04:28 - Expense 7: Continuing Education
04:50 - Summary Total Of All Expenses
05:42 - Outro
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