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.
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 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.
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.