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Estimate: New-Associate Start-Up Costs

Getting the License
School                $200–$400
Test and License (2 yr.)    $198

Tools
Laptop, cell phone        $2,000–$4,000

Supplies
Business cards, name badge,
open house signs, sign riders,
professional photos, etc.     $300-$700

Professional Dues and Fees
Professional Association dues
(local Association, FAR and NAR),
application fee         $850
MLS Participation fees    $350/ year
Lockbox keypad        $90/year

Marketing and Promotion    $500+
• Sphere-of-influence mailing
• Newspaper ads
• Fliers/brochures
• Closing gifts
• Customer party   

Office/Business Expenses
• Legal/E&O insurance    $350-$1,000+
• Office supplies/expenses     $25-$250
• Educational sessions    $300-$500
• Savings             10% of income
• IRA/401K             10-20% of income

Other Expenses
(each varies widely, so no estimate is given)
• Car expenses  (Gas/repairs/insurance)
• Health insurance
• Income and FICA taxes (paid quarterly)
Of course, expenses will vary by company, location and associate requirements.