How Much Does Real Estate License Cost in Memphis, TN?
Memphis pricing is 18% below the national average. Updated for 2026.
Based on local labor rates, humid-subtropical climate conditions, and Memphis's logistics-healthcare-music economy.See our methodology
Real Estate License Pricing in Memphis, TN
Memphis is one of the more affordable markets for real estate license, with costs running about 18% below the national average. The city's logistics-healthcare-music economy and balanced labor market create favorable conditions for competitive pricing. Getting multiple quotes from the 630K-population metro area is straightforward.
Local climate plays a direct role in real estate license costs here. Hot humid summers increase HVAC and pest control needs; Mississippi River proximity means flood risk for some areas.
Market-specific factors matter in Memphis: major logistics hub keeps material delivery costs low; moderate labor market means competitive pricing.
Memphis has moderate permitting requirements. Depending on the scope of your real estate license project, you may need local permits. A licensed contractor will handle the permitting process as part of the job in most cases.
Memphis vs National Average
What Affects Real Estate License Cost in Memphis?
Breakdown
Pre-licensing course: $200-$700. Exam fee: $50-$150. License application: $50-$200. Total startup: $500-$2,000
Ongoing
MLS access: $300-$600/year. Association dues: $200-$500/year. CE courses: $100-$300/year
Memphis Market Conditions
major logistics hub keeps material delivery costs low; moderate labor market means competitive pricing
Local Climate Impact
hot humid summers increase HVAC and pest control needs; Mississippi River proximity means flood risk for some areas
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Tips to Save on Real Estate License in Memphis
- 1.Online pre-licensing courses are 30-50% cheaper than classroom
- 2.Many brokerages cover your startup costs in exchange for a commission split
- 3.Pass the exam the first time — retakes cost $50-$100 each
- 4.Some states require fewer education hours than others
📈 Real Estate License in Memphis Cost Trends (2020–2024)
Prices have increased +17.6% over the last 5 years
| Year | National Avg | YoY Change |
|---|---|---|
| 2020 | $697 | — |
| 2021 | $726 | +4.2% |
| 2022 | $773 | +6.5% |
| 2023 | $795 | +2.8% |
| 2024 | $820 | +3.1% |
Based on national averages adjusted for annual inflation. Actual costs vary by location and project scope.
💬 What Did You Pay?
Real costs reported by homeowners for Real Estate License in Memphis
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Frequently Asked Questions
How long does it take to get a real estate license?
2-6 months depending on your state's education requirements and how quickly you complete the coursework and pass the exam.
Why does real estate license cost different in Memphis than other cities?
Memphis's costs reflect local labor rates driven by the logistics-healthcare-music economy, humid-subtropical climate conditions that affect materials and scheduling, and moderate permitting requirements. The balanced labor market also influences competitive pricing.
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