As a successful Realtor®, there are many great reasons to set up your own brokerage – like prestige, legal protection and tax savings of over $50k per year.

But a brokerage doesn’t come cheap. Even the set up costs, like equipment, furniture, and infrastructure, can be a major stumbling block, although the regular tax savings make this initial outlay worthwhile.

The bigger worry for most aspiring real estate brokers is the thought of all the ongoing expenses. Like any other business, there’s ...