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Initial Start-Up Costs for REALTORS
®
Local, State & National Fees
Amount
Type
E & O Insurance
$250 - $300/two years State requirement, every two
years
Supplemental E & O
$120
annual
Tennessee Real Estate Commission (TREC)
$80 (license renewal) every two years
Association Board Application
$150
one-time
Board Fees
$400 - $500
annual
Agent Services Fee
$75
monthly
License Application & Transfer
(if you are transferring from another firm)
$25
one-time
MLS/Realtracs Service Fee
$450
annual
60-hour pre-licensing classes
$350
one-time
30-hour new affiliate course
$185
one-time
TREC required fingerprinting
(as of 1/1/14)
$42
one-time
Exam Fee
$55
one-time
SentriLock Card Service & Lockboxes
$240
(approximately)
$100/per lock & card service
$140/year
Marketing Services & Tools
Business Cards
$35 - $125
as needed
Yard Signs
$171/three signs
as needed
Website
free
Name badge
free
just joined marketing cards
first 100 cards, free
Personalized App
free
QR Codes
free
Press Release
free
Weekly training in your office
free
ongoing
Parks Professional Development Series
free
ongoing
UpStart Training for new agents
free
ongoing
Dotloop
free
Facility / Office Support
Please note that this is just an estimate for agents/affiliate brokers based on 2016 dues, subscriptions
and fees. This is in no way meant to serve as a budget, it is merely a chart of some of your expected start-
up costs and annual expenses.