Career - How much will it cost to get started as a real estate agent in Kentucky or Southern Indiana with Semonin Realtors

County

Street Num.

Street Name

Zip Code

or MLS/Hotline Number

Showcased Listings

How much will it cost to get started?

Beginning a new career requires an investment in time and money. Here are some answers to the question: How much will it cost to get started?

Indiana Realtor and Kentucky Realtor Start-up Cost

You will need to spend money to learn the licensing laws and real estate rules of each state. After your pre-licensing is complete, you will spend more career investment dollars on examinations. Once licensed by the state, you will pay license fees, insurance and Realtor Association dues. Finally when you affiliate with Semonin you will incur some nominal start-up charges.

The chart below will help you identify your first year start-up cost for a new real estate career in Indiana or Kentucky.

KENTUCKY REALTOR - START UP INVESTMENT

INDIANA REALTOR - START UP INVESTMENT

Pre-License Course
96 hours required

$595.00

Pre-License Course
54 hours required

$395.00

KY Real Estate Commission
   Exam Fee
   Error & Omissions Insurance *
   Initial Licensing Fee

$100.00
$124.28
$60.00

IN Real Estate Commission
Exam Fee
Annual License Renewal

$75.00
$39.00

* Prorated


Greater Louisville Assoc. Realtors Dues (GLAR, KAR, NAR) * Application fee (one time only) Supra Key for lockbox device ** Activation fee	$750.00 $350.00 $130.25 $50.00

* Prorated based upon starting month
** Prorated plus $50 initial fee plus $25 yearly insurance fee


So. Indiana Realtors Assoc. Dues (SIRA, IAR, NAR) * Multiple Listing Service * Application Fee MLS (one time only) Application Fee IAR (one time only) Application Fee SIRA (one time only) Supra Key Deposit (lockbox) Annual Supra Key (lockbox)	$461.00 $750.00 $62.50 $62.50 $200.00 $200.00 $180.00

Semonin Realtors
Legal Defense Fund **
Semonin Start-up Package ***

$60.00
$175.00

** Biannual fee
*** One time fee

Semonin Realtors
   Errors and Omissions Insurance *
   Legal Defense Fund **
   Semonin Start-up Package ***

$124.28
$60.00
$175.00

* Prorated
** Biannual fee
*** One time fee

Total Start-up Investment GLAR

$2,400 - $2,600

Note: This is an estimate. Total investment may be higher.

Total Start-up Investment SIRA

$232,700 - $2,900

Note: This is an estimate. Total investment may be higher.

Abbreviations:
   KREC - Kentucky Real Estate Commission
   IRC - Indiana Real Estate Commission
   GLAR - Greater Louisville Association of Realtors
   HKAR - Heart of Kentucky Association of Realtors
   SIRA - Southern Indiana Association of Realtors
   NAR - National Association of Realtors
   KAR - Kentucky Association of Realtors
   IAR - Indiana Association of Realtors

Supra Key - Entry system used to hold house keys for agent entry into houses for sale