Here is a partial list of fees and costs that many young and/or aspiring real estate salespeople may not realize is associated with running a successful real estate business (courtesy of Heath Applebaum, REM, May 2015 issue) -
* CREA fees and dues
* Monthly provincial real estate board dues and fees
* Listing fees
* Staging costs
* Office rents – for those not working from home
* Staff – administration to write up, track and submit offers
* Cell phone / Internet expenses
* Computer equipment
* Car, fuel, insurance and maintenance
* Contact management software
* Website development and maintenance costs
* Property signage costs
* Photography and videography costs
* Direct mail and other printing costs
* PR and social media promotion
* Insurance
* Business attire
* Desk and transaction fees
* Administration costs
* Taxes
* Other/misc
Happy Selling!
Joe Johnston