If you're considering a career in real estate, here's what you need to know about the costs and process involved.

Steps to Get Your Real Estate License

1. Complete the Principles of Real Estate Course (60 hours).
2. Pass the PSI Exam.
3. Complete fingerprinting and a background check.
4. Submit an application to the real estate board.
5. Join a real estate brokerage to activate your license.
6. Join the MLS and a local Realtor association.
7. Invest in business essentials like business cards.

Cost Comparison

Expense	Virginia Cost Range	Maryland Cost Range	DC Cost Range
Principles of Real Estate Course	$300 - $500	$300 - $500	$300 - $500
PSI Exam Fee	$60 - $70	$61 - $71	$61 - $71
Fingerprinting/Background Check	$50 - $75	$50 - $75	$35 - $60
Application for Real Estate License	$170 - $190	$90 - $110	$240 - $270
Joining a Real Estate Brokerage	Varies ($50-$200 monthly)	Varies ($50-$200 monthly)	Varies ($50-$200 monthly)
MLS Membership Fees	$400 - $600 annually	$400 - $600 annually	$400 - $600 annually
Local Realtor Association Dues	$700 - $1,000 annually	$700 - $1,000 annually	$700 - $1,000 annually
Business Cards	$20 - $100	$20 - $100	$20 - $100

Total costs vary based on the state and additional business expenses. Plan your budget carefully to ensure success in your new real estate career.