Assisting individuals in buying and selling homes can be an extremely satisfying career. A real estate license in Massachusetts opens the door to both lucrative earning potential as well as fulfilling work helping people navigate one of their most significant life decisions.
Beginning this process requires taking a 40-hour pre-licensing course and passing both state exams as well as finding an associated broker to sponsor you.
Education Requirements
Beginning the journey toward real estate agent licensure in Massachusetts starts with pre-licensing education classes. Available both online and in person, these courses aim to familiarize students with Massachusetts real estate industry, law and licensing requirements as well as help prepare them to pass national and state real estate exams. Teachers tend to have years of experience within this industry – making these sessions invaluable resources!
After successfully completing their 40-hour real estate course, prospective agents must submit an application to take the state exam. This requires providing their course completion certificate and three endorsements signed by individuals unrelated to them or fellow classmates from their course; additionally, this application must be approved by the Board of Registration of Real Estate Brokers and Salespersons.
Once an application has been accepted, an applicant must arrange to take their real estate license exam with PSI. The exam consists of two sections and must pass both with a passing score in order to become licensed. Testing locations and dates can be found on PSI’s website.
To take the real estate license exam, applicants must meet all of the following requirements.
Applicant must be 18 or over and have a valid Social Security Number; additionally they must be U.S. citizens or legal permanent residents and possess either a high school diploma or its equivalent, and pass a background check before being eligible to apply.
Candidates for brokerage licensure also require a sponsoring broker, who will oversee them as they begin. Selecting a sponsoring broker is an important decision and should be carefully made; some brokers offer better commission rates, training programs or support while sponsors can provide invaluable mentorship and advice.
Once a candidate has passed their real estate license exam, they must pay Massachusetts’ $150 licensing fee and get their photo taken. Next they must join an Massachusetts licensed real estate brokerage where they agree to work under its supervision.
At first, attaining a Massachusetts real estate license may seem intimidating; however, once you know what steps to take it can actually be quite straightforward. Focus on education, preparing thoroughly for the exam and finding an ideal sponsoring broker and you could soon be on your way towards an exciting career in Massachusetts real estate!
Licensing Requirements
Becoming a real estate agent in Massachusetts is an exciting career path with high earning potential and personal satisfaction, helping guide clients through one of their most significant life decisions. To get started, agents must fulfill licensing requirements set by Massachusetts’ Division of Professional Licensure; this involves providing proof of education, passing a background check and licensing exam before receiving their license from the state. Obtaining one takes hard work and dedication but with proper support from brokerages they can find success quickly!
Step one in becoming a Massachusetts real estate agent is taking the 40 hour pre-licensing salesperson course, available in numerous schools throughout Massachusetts and can be taken both in-person or online. Once this class has been completed, applicants must apply for the Massachusetts real estate exam with PSI Services LLC by providing candidate endorsements from three non-related individuals not related to themselves – these individuals don’t need to reside in Massachusetts but cannot be classmates from the pre-licensing course.
Once approved, PSI will arrange an examination date. The test includes 120 questions broken into two sections – national and Massachusetts. To pass both sections successfully, applicants must score 70% in each one and those failing either section must take it again altogether before returning for notification at testing center along with photo identification cards and wall certificates.
Once you pass the Massachusetts real estate exam, you must submit your license application through the Board of Registration of Real Estate Brokers and Salespersons’ website. Your personal and educational details as well as exam scores must all be included to complete this step. In addition, there is a license fee between $103-150 depending on when your birthday falls and can be paid with personal checks, money orders, cashier’s checks or credit cards.
As soon as you’ve obtained your license, the next step should be affiliating yourself with a licensed real estate brokerage. This step is crucial because it will enable you to connect with clients while navigating the industry’s complexities more easily. When selecting your brokerage, carefully consider factors like commission rates and structures as well as company culture and opportunities for advancement.
With your Massachusetts real estate license in hand, you can launch your career as a realtor and begin helping people realize their homeownership dreams. The real estate market in Massachusetts is flourishing and provides plenty of opportunities to make a rewarding living as an agent or broker. If this interests you as a path to success, contact DaMore Law and discover more about the licensing requirements necessary to help achieve your goals.
Exam Requirements
After you complete your pre-licensing education, it is also necessary to pass the Massachusetts real estate license exam administered by PSI Exams and available both online or at multiple in-person test centers throughout Massachusetts. To pass, at least 75% must be scored on 100 multiple choice questions with at least three correct responses per question – taking a prep course can help prepare you for what lies ahead and increase the odds of passing your first attempt!
Choose a school approved by the Massachusetts Board of Real Estate Brokers and Salespersons when choosing an education institution for real estate brokerage or salesperson license exams. Top schools will offer quality education that is up-to-date and relevant, including tools to help pass exams on your first attempt. Boston Real Estate Job partners with premier schools across Massachusetts, and has access to exclusive special offers that could significantly lower costs.
Once you’ve completed a 40 hour pre-licensing class, it’s time to take the real estate exam – the final step before becoming an agent!
The real estate license exam is a computerized test covering many topics related to real estate laws and practices at both federal and state levels, property rights, brokerage responsibilities and real estate math. You should spend approximately one week studying prior to taking it; once passed, your Massachusetts licensing center can issue you your license.
Once you’ve passed the real estate license exam, it is advisable to join a brokerage firm. This will enable you to gain professional industry insight while potentially finding new clients through them. Furthermore, many brokerage firms provide new agents with intensive support such as office space and equipment – as well as access to resources like the Multiple Listing Service listings.
If you fail the real estate license exam, waiting two days and paying the $54 retake fee are necessary for retaking it.
Massachusetts requires all real estate agents to pass a background check prior to being granted their license, with applicants with criminal histories evaluated individually. After passing, it’s wise to apply online with the Massachusetts Board of Real Estate Brokers and Salepersons; once approved you’ll need to visit one of their licensing centers to collect your license and pay its associated fee.