To start a real estate agency you need a broker license (not just a sales agent license), MLS access, errors and omissions insurance, a client acquisition system, and commission structures. Most brokerages launch in 2–4 months with $15,000–$50,000.
Complete the required experience as a sales agent (typically 2–4 years) and pass the broker exam; only brokers can own and operate a brokerage.
Register as an LLC, corporation, or sole proprietorship per your state’s real estate commission rules; a designated broker must oversee operations.
Join your local MLS and Realtor association for listing access, key/lockbox privileges, and compliance resources; fees are $500–$1,500/year.
Buy real estate errors and omissions insurance ($1M+), required by most MLS associations and essential for protecting against transaction disputes.
Invest in CRM and transaction management software (Follow Up Boss, Dotloop, Skyslope), a website with IDX listings, and commission tracking.
Attract producing agents with competitive commission splits (70–90%), training, lead generation, and a strong company culture; agents drive brokerage revenue.
Invest in local SEO, farm specific neighborhoods, build relationships with past clients for referrals, and leverage your own sphere of influence.
Set up an escrow trust account for earnest money deposits, follow state-specific advertising and disclosure rules, and maintain transaction records.
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Yes. Only a licensed broker can own and operate a brokerage. Sales agents must work under a broker. Requirements typically include 2–4 years of experience plus a broker exam.
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Start my free assessmentTo start an accounting firm you need a CPA license (if offering attest services), a business entity, professional liability insurance, tax and accounting software, and a client acquisition strategy. Most firms launch in 2–4 months with $10,000–$50,000.
To start a law firm you need bar admission in your state, a business entity compliant with ethics rules, malpractice insurance, a practice area focus, and client development systems. Most solo firms launch in 1–3 months with $10,000–$50,000.
To start a marketing agency you need a niche positioning, a service offering (SEO, PPC, social, content, or full-service), a portfolio, client contracts, and a client acquisition engine. Most agencies launch in 1–3 months with $5,000–$30,000.