DMS Properties, LLC ... Residential Real Estate Services

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As with any new business, there are start-up costs, and real estate is no different.

Real Estate Start-Up Expenses

We try to minimize the expenses to help new agents get started. Here's a breakdown of what you can expect beginning a real estate career with DMS Properties, LLC ... Residential Real Estate Services :

  • Business Cards (Approximately $100) ... while not a necessity, we recommend them as a way of personal promotion.

  • Car Magnetic Signs -- roughly $100 ... also not a necessity, but a good way to promote yourself as an established business person.

  • Errors & Ommissions Insurance -- this is absolutely required in the real estate business, but our company blanket policy covers all of our agents, so there is no out-of-pocket expense to you.

  • Board Dues -- We do not require that new agents become a member of the National Association of Realtors, the Maryland Association of Realtors or the local board of realtors ... immediately.  This generally costs approximately $700 per year and can be a deal-breaker to new agents. There are some disadvantages to this for the agents ... and we'll gladly discuss that with you, as well as how we can help with this as you begin your business.  Eventually, though, you will want to begin your Association membership.

    • We are also developing our Referral Network, whereby licensed Real Estate Agents can "hang" their license with us on a "referral" basis only.  This allows agents to avoid the yearly Board Dues to the National Association of Realtors, the Maryland Association of Realtors and the local Board, along with the quarterly MLS subscription costs.  The only thing the agents need to do is maintain their license and complete all required Continuing Education classes.  They can still earn money by making referrals of friends, relatives, co-workers and acquaintences to our agents ... they will receive a 25% referral fee for each completed transaction.

  • Cell phone with a good data plan and a personal hot spot -- we do not provide these, but most people have them now already, and the personal hot spot comes in handy when you're on the road.

  • Internet access -- Our office is equipped with WIFI, but you need to be able to get on-line elsewhere; most people already have access to Internet at home.

  • Agent Web Site -- we will set up an agent web site as part of the company web site. Agents are not required to do provide their own "personal" web site or anything additional (except write some of the copy that will be on your company web site) but are welcome to if they like, subject to Broker approval just like all forms of advertising.

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The information contained on this site is maintained by DMS Properties, LLC ... Residential Real Estate Services.
We attempt to keep it current, but some delays may occur. To verify the most current information, contact us.

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