Industry News

Rookie Realtor: Newbie releases tax return

Costs mount while rookie struggles for first commission check

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Every week, I have to spend several (sometimes unpleasant) minutes talking with my editor at Inman News. Each conversation usually starts with me telling the editor what I've experienced over the past several days, then we go back-and-forth over which incidents might make the most interesting story for readers.   The editor and I disagree on a lot of things–especially about the topic of this week's column.   The editor thought it would be a good idea to share the contents of the Schedule C, "Profit or Loss from Business," that my spouse and I filed when we mailed in our income-tax return earlier this month.   I'm not too keen about sharing such private information, but the editor thinks the figures might help readers get a better understanding of what it really costs to get started in the real estate business.   As usual, the editor won. Here is a run-down of all the money I spent last year to obtain my license, sign-up with a real estate brokerage company and...