Our real estate costs are prohibitive. To market a property effectively you are looking at at least $500 minimum and that's not including time. Next is our mandatory professional fees which are in the thousands of dollars. Also the brokerage takes anywhere from 5% to 30% of a transaction's commission... plus a franchise fee that's usually around $400 per month and a per transaction fee on top of everything else. Also advertising fees from the brokerage. Also Cellular bill is around $130 per month which mostly is spent on client calls. No benefits, no pension and lots of income tax. I grossed over 6 figures last year and by the time all the fees and costs were taken out I brought home under 60K.
By all means I'm not crying poor but over head is very high, if not too high in the business. I often wonder if it's time to go out on my own and become a broker.
In defense of some realtors.... some of us work very hard for our money and go the extra mile.
Anyways... I ended up purchasing another TL with tech.
