Me, Licensed CA Real Estate Broker

It’s official as of today- I’m now a Licensed California Real Estate Broker!  I feel better about the countless hours of business planning that I’ve been doing, not even having that little piece of paper in my hand.

Now comes the painful part, giving money to the many different vendors required to start this venture.  You’d be surprised at the expense.  Let me give you a list of expenses that I can think of off of the top of my head.  Lets see, if you’re a broker pursuing the loan side you have to consider this:

Loan origination Software, Website and/or Web design, (hopefully one that has an integrated 1033 that interfaces with your website), lead generating systems and/or strategic alliances, back-office software, HR software, business planning software, computer hardware, office hardware, office supplices, Business-number/Toll-free number, Incorporating fees, Business licensing fees, All different types of insurance, Broker/Lender package fees, netbranching expenses (necessary if you’re new to mortgage industry)Broker exam/licensing fees, fingerprinting fees, DBA fees, NAMB - CAMB membership fees, traditional marketing expenses.  All of this without generating one cent of income. And that’s just the mortgage side.

 If you decide to do the real estate side, there are additional expenses!

Thank god I got into this at the height of the market, LOL.

Posted by Rick Garcia in Social Media