Cost Of Becoming a Realtor in Alberta
Now that you know how to become a Realtor you’re probably wondering what the cost to become a Realtor in Alberta is. The initial costs for licensing are outlined below.
-The cost of the mandatory Fundamentals of Real Estate course is $1250.
-The cost of the other 4 courses are $800 each.
There are also costs associated with licensing such as passport photos for your licensing file, cost to take the exam, a criminal record check, the calculator needed for the course, and a few others however these are all much less than the courses themselves.
After paying the fees, it’s time to choose a real estate brokerage. The brokerage will determine how much you’ll pay to run your real estate business. This is a big decision so we recommend interviewing different offices. You’ll want to ask what the fee structure looks like (commission split or monthly fee), ask about deal fees and if there’s a cap, marketing fees, office rent costs, and other start-up fees.
Depending on the brokerage some potential fees are:
-Office fee (a monthly cost charged to be a part of their brokerage)
-Desk fee (cost to physically rent an office)
There are also potential fees per deal again depending on what structure you have
-Deal fee (cost that you pay the brokerage per deal you complete)
-Transaction & Admin fee (cost to get your deal conveyed and all admin work
- Commission split (percentage of commission earned to go towards brokerage)
Although fees are important and a factor to consider it’s not the MOST important thing. You want to choose a brokerage that aligns with your values as well, one that wants you to be successful and aids in that success. To read about our values you can check out the log we wrote about it here. When it comes to our fees we are a transparent brokerage so we’ve made the information easy for you to find. So easy that we wrote a blog on it that you can check out here.