What Happens After the Test?
If you become associated with a brokerage that is a REALTOR® member, you will need to join your local Multiple Listing Service (MLS), which gives you access to the listings of all member brokerages. This fee is charged monthly and is $25 per month for the Coeur d’Alene MLS, other area MLS fees may be different.
Additionally, you must obtain an Errors & Omissions insurance policy. The Idaho Real Estate Commission can provide insurance through Rice Insurance Services Company (RISC). You may also obtain this from the brokerage you become affiliated with if they have their own provider. Cost for this coverage from RISC is approximately $200 annually, pro-rated as of October 1.
All costs considered, starting your career in real estate sales for approximately $1,500 to $1,800 is an affordable venture compared to starting other small businesses and offers rewarding income potential. The broker you become affiliated may have other start-up cost requirements for business cards, signs and office supplies. Questions? Contact us today- we are here to assist you!
*Prices are subject to change