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2,436,099
Kat Palmiotti
eXp Commercial, Referral Divison - Kalispell, MT
Helping your Montana dreams take root

I've seen courses for a real estate salesperson license of around $100, plus the license fee of $50 and the $15 for the written exam. So becoming a real estate agent is not that expensive (and your numbers seem to be about right). Once you are an agent, there will be fees to use your MLS - in my area that's about $428. Then there's Errors & Omissions which varies based on what your company does or doesn't pay for - let's say that's about $400 per year. Then there is the fee to have the lockbox access. That's about $115. Then there's all the other stuff you might have to pay for your office. There's software you may or may not need. There's a camera and smart phone and required real estate apps. Don't forget about business cards and signs and giveaways and brochures and ......

Becoming an agent is not that expensive. Being one can be.

Sep 06, 2016 09:49 AM
Rainmaker
2,781,173
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

I took 4 courses & this one course guy charged more. I asked why? He said that his prep mirrors closely the actual questions. I asked how could you know that? His response, with a smile said...You will pass first time out guaranteed. I did. You get what you pay for. General knowledge or specific?

Sep 06, 2016 08:33 AM
Rainmaker
2,220,323
Anthony Acosta - ALLATLANTAcondos.com
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

contact the real estate commission in NY to find out.

Sep 06, 2016 10:09 AM
Rainmaker
5,104,931
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Can't opine...it's different in every state.

Sep 06, 2016 08:13 AM
Rainmaker
989,652
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

Sounds about right, once you are licensed it will get much more expensive LOL

Sep 07, 2016 12:01 AM
Rainmaker
1,844,291
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

Seems low but I'm in IL. Count your blessing or get another calculator.

$150 license $59 cont ed just to re-up every 2 years.

I thought you had to be 'in a classroom' situation when you first got your license?

Sep 06, 2016 10:14 AM
Ambassador
6,393,179
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Next check on Realtor® membership, E&O insurance, brokerage fees, advertising and more, in Wisconsin it adds up to another $2000

Sep 06, 2016 09:47 AM
Ambassador
5,049,108
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Each state is different - can't really comment but it seems low. But once you are licensed that's when the real expenses start mounting up with MLS fees, NAR, etc.

Sep 06, 2016 09:03 AM
Ambassador
2,178,603
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

It does seem low but the real estate educational field is very competitive. Most new agents are shocked how expensive it is once they actually become licensed!  

Sep 06, 2016 08:38 AM
Rainmaker
823,579
Susan Laxson CRS
Palm Properties - La Quinta, CA
Realtor in San Diego, CA & Naples, FL

It is cheaper than the ones I have researched!

Sep 06, 2016 08:38 AM
Ambassador
2,061,792
Alan May
Jameson Sotheby's International Realty - Evanston, IL
Home is where the hearth is.

I agree.  Seems low.

Sep 06, 2016 08:22 AM
Rainmaker
5,868,538
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

It has been YEARS since I got my license and paid fees, and luckily, do not remember.

Sep 12, 2016 10:40 AM
Ambassador
2,684,009
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

The Internet knocked the course prices way down in Florida. 

All I pay now is $70 license renewal every 2 years to the State, plus a $24.95 online continuing ed course.

Sep 07, 2016 07:32 AM
Rainmaker
4,434,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

It  varies by State.I wold love to know the name of this  school.  I live in Pa.The others have given you good advice. 

Sep 07, 2016 06:37 AM
Rainmaker
900,128
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

The license fees fee is correct; I have a NY license, but that was via reciprocity with CT, so I didn't have to take the course since I already did in my state. Seems low.

Sep 07, 2016 05:47 AM
Rainmaker
1,502,998
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I'm as far away from NY as you can be and still be in the continental US.  Kat has you covered.

Sep 07, 2016 03:40 AM
Rainmaker
1,466,207
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Don't count on it being this reasonable when you sign up with a Broker and get started in this business. Under capitalization is the biggest threat to people first coming into this business.

Sep 07, 2016 12:43 AM
Rainer
232,019
Jessie Cochran
Counts Real Estate Group, Inc. - Panama City, FL
Panama City Realty Group

sounds about right to me

Sep 07, 2016 12:17 AM
Rainmaker
1,617,916
Harry F. D'Elia III
WEDO Real Estate and Beyond, LLC - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

What is your purpose?

Sep 07, 2016 12:06 AM
Ambassador
3,727,873
Patricia Kennedy
RLAH@Properties - Washington, DC
Home in the Capital

Sounds like a bargain to me - especially the rate for the first two years!  But just wait until you have to write a check for your local Board dues!

Sep 06, 2016 10:56 PM
Rainmaker
7,836,134
Roy Kelley
Retired - Gaithersburg, MD

I like the response by Kat Palmiotti.

Sep 06, 2016 10:53 PM
Rainmaker
4,572,173
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Passing the exam is the last time you will likely say that fees for our business are too low.  Good luck.  Choose wisely.  

Sep 06, 2016 10:20 PM
Rainmaker
4,800,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

That's getting the license.  Then you need to join a brokerage, NAR dues, MLS dues, and the list goes on.

Sep 06, 2016 10:18 PM
Rainmaker
5,583,278
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

you'll be missing the low fees, if you wait until they raise them!!!  jump in....

Sep 06, 2016 10:13 PM
Rainmaker
5,005,642
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Interesting..it dies seem low but each state is different. Contact the NY real estate commission and talk to agents.

Sep 06, 2016 09:41 PM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Anthony Acosta nailed this one!

Sep 06, 2016 09:33 PM
Rainmaker
2,443,250
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

If you were in Indiana that would be extremely low. 

Sep 06, 2016 01:17 PM
Rainer
66,409
Kartik Subramaniam
Adhi Schools, LLC - Rancho Cucamonga, CA
Market Analysis--Educational Content, Adhi Schools

Ask the school about their pass rate. Check them on Yelp. Check their Facebook page. See if they are on Google reviews. Basically, do your homework. A $99 preliminary education course is very cheap. Perhaps it is a good course, but perhaps it is not. For online-only education I would expect another $100-150 for 75 hours, but like I said, maybe you've found an excellent promotional rate or just a school with a good education trying to get started or attract new students. Just make sure you aren't signing up for a barebones course with a low pass rate.  

Sep 06, 2016 01:05 PM
Rainmaker
1,157,785
FN LN
Toronto, ON

I can't comment on your course fee.  However, I looked at the NY licensing application form and it does state that the 2 year license is $50 and the written exam is $15.  Thus, it does not seem low but it is the amount currently charged by NY.

Sep 06, 2016 12:39 PM
Rainmaker
3,986,258
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Sounds to cheap and to easy

Sep 06, 2016 12:36 PM
Rainmaker
1,239,901
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

I will ask how many % pass the license test in NY by doing it on line?

 

Sep 06, 2016 12:05 PM
Rainmaker
2,224,473
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

Those do seem like low fees. Contact your state real estate commission to make sure your course is certified. 

Sep 06, 2016 11:58 AM
Rainmaker
1,622,432
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

Seems extremely low. But I'm sure you have much more fees, something like fingerprint/background check, all sorts of memberships, insurance, etc. 

Sep 06, 2016 11:36 AM
Rainmaker
444,170
Dianne Goode
Raleigh Cary Realty - Raleigh, NC
Realtor/Broker

Whatever it costs to get started, you'll find out it costs quite a bit to be active.  I figure $2K/year here in NC, even if you don't sell a thing.  

Sep 06, 2016 10:52 AM
Rainmaker
1,231,853
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

I can only speak about Pennsylvania even though I had NewYork license in past.  Good luck

Sep 06, 2016 10:07 AM
Rainmaker
290,969
Allie Angeloni
Long Realty - Oro Valley, AZ

Wow - considerably higher in AZ!  Here we need 90 hours, and I went to a Real Estate School, which was $500.  Everything else is added on at an additional cost.  Was not astronomical, but was not cheap, either.  Are the 'dollars' you are quoted legit, do you think?

Sep 06, 2016 08:55 AM
Rainmaker
1,712,676
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

It is more in Oklahoma so someone isn't be forthright with you.

Sep 06, 2016 08:46 AM