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#345597 - 07/28/10 04:10 AM Startup and Yearly Fees for a New Agent
pglover19 Junior Member Registered: 07/27/10 Posts: 5 Loc: VA	I am trying to determine the required one-time and annual fees for a new agent located in VA. I have already visited 1 broker, and these are some of the fees so far. Not sure which ones are required? Broker Fees E & O Insurance - Annnal Fee of $120.00 New to the Business Agent start-up Kit - One Time Fee of $350 DPOR Fee New Agent - One Time Fee of $170.00 Association of Realtors Fees (local chapter) New Agent - One time fee between $1100 - $1400 Membership Dues - Annual Fee of $355.00 Service Charge for MLS - Quarterly Fee of $150.00 Supra key Activation - One time fee of $75.00 Supra Key - Annual Fee of $170.00 Please advise..
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#345605 - 07/28/10 07:41 AM Re: Startup and Yearly Fees for a New Agent [Re: pglover19]
Vermont Major Contributor Registered: 04/12/08 Posts: 4458 Loc: Vermont's North-East Kingdom	Is what you refer to as the "DPOR Fee" your Real Estate License ? If so, I don't think that would be considered "One Time" ? _________________________ Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont Where We're Always Striving To Put Together "THE FAIR DEAL"
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#345608 - 07/28/10 08:21 AM Re: Startup and Yearly Fees for a New Agent [Re: pglover19]
navarac Veteran Member Registered: 01/19/06 Posts: 994 Loc: New Jersey	Originally Posted By: pglover19 I am trying to determine the required one-time and annual fees for a new agent located in VA. I have already visited 1 broker, and these are some of the fees so far. Not sure which ones are required? Broker Fees E & O Insurance - Annnal Fee of $120.00 New to the Business Agent start-up Kit - One Time Fee of $350 DPOR Fee New Agent - One Time Fee of $170.00 Association of Realtors Fees (local chapter) New Agent - One time fee between $1100 - $1400 Membership Dues - Annual Fee of $355.00 Service Charge for MLS - Quarterly Fee of $150.00 Supra key Activation - One time fee of $75.00 Supra Key - Annual Fee of $170.00 Please advise.. And this, my friend, is just the beginning of the money spending. Marketing, self-promotion, farming, websites, software, hardware, and other expenses will kick in right after you pay your "cover charge". Thousands per year if you do it right. If you do it wrong (cheapskate method), you will be out of the business in a year or so. I won't even get into the necessity of having a good car and good clothes, both of which cost money. Make sure you come into this game with adequate capitalization.
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#345684 - 07/28/10 04:39 PM Re: Startup and Yearly Fees for a New Agent [Re: Vermont]
pglover19 Junior Member Registered: 07/27/10 Posts: 5 Loc: VA	DPOR is Department of Professional and Occupational Regulations.. This is a one-time fee of $170 for a new agent.
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#345691 - 07/28/10 05:05 PM Re: Startup and Yearly Fees for a New Agent [Re: pglover19]
Vermont Major Contributor Registered: 04/12/08 Posts: 4458 Loc: Vermont's North-East Kingdom	Originally Posted By: pglover19 DPOR is Department of Professional and Occupational Regulations.. This is a one-time fee of $170 for a new agent. Well then you've omitted your Commonwealth of Virginia Real Estate License . . . . unless they're starting to give them away for free these days. _________________________ Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont Where We're Always Striving To Put Together "THE FAIR DEAL"
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#345702 - 07/28/10 07:06 PM Re: Startup and Yearly Fees for a New Agent [Re: Vermont]
pglover19 Junior Member Registered: 07/27/10 Posts: 5 Loc: VA	You are right.. Forget about that fee....
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#345710 - 07/28/10 07:46 PM Re: Startup and Yearly Fees for a New Agent [Re: pglover19]
Vermont Major Contributor Registered: 04/12/08 Posts: 4458 Loc: Vermont's North-East Kingdom	Originally Posted By: pglover19 You are right.. Forget about that fee.... It's the most important one. Without it, none of the others exist. _________________________ Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont Where We're Always Striving To Put Together "THE FAIR DEAL"
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#345833 - 07/29/10 03:01 PM Re: Startup and Yearly Fees for a New Agent [Re: Vermont]
cchamberland Junior Member Registered: 11/11/09 Posts: 6 Loc: Ohio	You may want to consider an increase in your vehicle insurance because it will be business rated now. That cost will depend on your insurance carrier
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