Do you require a long-term contract?
No. All broker of record engagements are month-to-month. Add or remove states as your operations expand or contract.
50 State Brokerage places licensed brokers of record in all 50 states and DC for PropTech platforms, property managers, multifamily operators, SFR investors, and institutional owners. Coverage is month-to-month, with onboarding typically completed in days rather than the years required to qualify an in-house broker.
More on Cost & Pricing
How much does a broker of record cost?
Broker of record engagements typically range from $500 to $5,000 per state per month depending on transaction volume, trust account complexity, and scope of oversight. 50 State Brokerage prices month-to-month with no long-term contract. See our full pricing at /pricing.
How much does it cost to get your own broker license?
The national average all-in cost is $464 for application, exam, and pre-license education, ranging from $190 (Missouri) to $871 (Texas). This excludes the 2 to 4 years of prior licensed sales experience most states require before eligibility, plus $500 to $2,000 per year in E&O insurance, continuing education, MLS dues, and renewal fees.
Is broker of record cheaper than hiring a licensed employee?
Yes. A licensed designated broker employee in a single state costs $85,000 to $180,000 per year fully loaded (salary, benefits, E&O, CE, MLS, association dues). Broker of record engagement in that same state runs $6,000 to $60,000 per year with no employment overhead — a 60% to 95% cost reduction.
Are there setup or activation fees?
50 State Brokerage does not charge a per-state activation fee for standard broker of record engagement. First-month coverage begins on contract execution and MLS onboarding (typically 24 to 72 hours). Trust account setup, custom compliance manuals, and MLS board application fees are billed at pass-through cost.