What is the Cost -
Cedar Rapids
Below are some of the start up costs associated with beginning a career in real estate in Cedar Rapids.
Pre-License Costs:
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| 60 Pre-License Course (Varies) |
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$395 |
| Examination Fee |
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$90 |
| License Application Fee |
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$125 |
| Criminal Background Check (required by state) |
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$52 |
| -Fingerprinting cost varies from FREE to $20 |
36-Hour required Basic Training Courses:
-Listing Practices - provided to Ruhl&Ruhl agents at no cost
-Buying Practices - provided to Ruhl&Ruhl agents at no cost
-Developing Professionalism & Ethical Practices |
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$75
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| Errors & Omissions liability insurance (required by state) |
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$140 |
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Post-License Costs:
Fees to the following Professional Associations are prorated, depending on the time of the year you join the board. Annual fees:
| Application to Iowa City Area Assn. of Realtors (one time) |
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$1360 |
| Application to State of Iowa (one time) |
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$100 |
| National Dues (prorated) |
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$100 |
| State Dues (prorated) |
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$120 |
| Local Dues to Iowa City Area Assn. of Realtors (prorated) |
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$300 |
| Multiple Listing Service - Iowa City (prorated) |
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$840 |
| Lockbox (for accessing listed properties-prorated) |
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$83 |
Optional (recommended but not required):
| Application to Cedar Rapids Assn. of Realtors (one time) |
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$700 |
| Local Dues to Cedar Rapids Area Assn. of Realtors (prorated) |
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$280 |
| Multiple Listing Service - Cedar Rapids (prorated) |
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$540 |
Office & Business/Personal Promotion Costs:
To include items such as business cards, sign riders, appointment book, tape measure and other items to conduct business (varies) approximate - $150
It is recommended that you budget 10%-15% of what you want to earn to invest back into personally promoting you and your business.
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