Opening a real estate company is a big decision that will likely require a person to make significant investments. But what kind of investments? How much do they cost? Watch the video below for more insight. Here’s an overview of some of the expenses of opening a real estate company.
Real Estate License
The cost of this varies by state and can range anywhere from $100-$500, depending on where you live. It’s important to know that some states require you to take licensing classes and pass exams before being granted the license; this will increase the costs.
If a person intends to work out of an office, they’ll need somewhere for people to visit—and that means renting space. There are plenty of options for finding office space for rent, but one should expect to pay around $1-2 per square foot per month if one wants something nice. If a person has 100 square feet available for rent, their monthly rent could efficiently run upwards of $1,200 per month!
While some people work out of their homes and don’t need much equipment, real estate companies must be well-equipped. This will add to the cost of starting a real estate company. Contact home for more details.