In addition to the fees associated with getting your license and passing exams, becoming a real estate agent comes with additional costs. In addition to the annual membership dues, you'll have to pay a brokerage fee and state or local association fees. These fees can add up quickly. But even if you're thinking about it now, it will be worth it in the end. The fees are tax deductible.
In addition to paying the NAR's annual dues, you'll also have to pay for your own insurance and vehicle insurance. The national average cost is $1,200 for car insurance per year, which may seem like a modest price to pay for auto insurance. However, it is important to talk to your broker before you take the plunge into the real estate industry - after all, you don't want to have to pay high insurance rates or risk having your policy canceled if you become a Realtor!
Despite the high starting costs, becoming a real estate agent is a rewarding career path. You will be able
