Before you may sit for the Massachusetts real estate exam, you must complete 40 hours of prelicensing coursework that has been recognized by the state. Are you wondering how to obtain a Massachusetts real estate license? Are you considering real estate as a profession but are unsure of the criteria for a Massachusetts real estate license? No more enigmas! This page will discuss how to obtain a real estate license in Massachusetts, the renewal process, the required course, and its cost.
How to Become a Real Estate Agent in Massachusetts
The Six Steps to Becoming a Massachusetts Real Estate Agent
- A valid social security number and the age of at least 18 are required.
- Take the 40-hour Massachusetts real estate course either online or in person.
- Using your certificate of course completion, apply to take the real estate license examination.
- Pass the 120-question Massachusetts real estate license exam, either online or in person.
- Pay $150 to the State for your real estate license and get your photo taken.
- You have now successfully obtained your Massachusetts real estate license. Join a brokerage and start selling some properties!
Depending on whether you attend lessons full-time or part-time and how much time you spend studying for the licensure exam, the complete process normally takes between one and six months. These instructions explain how to obtain a Massachusetts real estate salesperson’s license. You must also have at least three years of experience working as a Massachusetts-licensed salesperson and be surety bonded for $5,000 to obtain a real estate broker’s license in Massachusetts.
Now that you are aware of the procedures for obtaining a real estate license, let’s discuss in more detail what you will need to do, what each stage requires, and how much it will cost.
What are the Basic Requirements to Get a Massachusetts Real Estate License?
Let’s go through what it takes to become a licensed real estate agent in Massachusetts. There are only two fundamental prerequisites for MA real estate agents:
- Be at least 18 years old. To take the exam and obtain your real estate license in Massachusetts, you must be at least 18 years old.
- To possess a social security number. Candidates for a Massachusetts real estate license are required to have a social security number, even though neither a resident of Massachusetts nor the US is required.
How to Get Massachusetts Real Estate License
Although obtaining a Massachusetts real estate license may seem difficult, we are here to help you. To discover the actions you must do before beginning your real estate business in Massachusetts
#1. Complete 40 hours of approved Massachusetts Pre-Licensing education.
Complete 40 hours of pre-licensing instruction that has been authorized, as mandated by the Massachusetts Real Estate Board. The CE Shop is a Massachusetts-licensed educational institution.
#2. Pass your final course exam.
There is a 100-question course final test if you finish all the readings and meet the minimum time limit. To pass this test, you must receive at least a 75%.
#3. Gain approval from the Massachusetts Board of Registration of Real Estate Brokers and Salespersons.
The real estate licensing exam requires three candidate endorsements from people who are not related to you before you may take it. These people don’t have to live in Massachusetts.
The PSI office will then receive your application and pre-approve you to sit for the license exam.
#4. Pass the Massachusetts Real Estate Salesperson Examination.
The Massachusetts salesperson licensure exam, which is given by PSI, is the next step. There are 80 questions to be answered in 150 minutes for the National section of the exam. There are 40 questions in the State section, and you have 90 minutes to respond to them.
#5. Pick a broker to sponsor.
You must be sponsored by a Massachusetts real estate broker as you progress through the licensing process. The success of your new career depends in large part on your choice of broker.
Massachusetts Real Estate License Renewal
Let’s quickly glance at the calendar. Is your birthday not too far off? That can indicate that you need your Massachusetts real estate license renewal. But where do you even begin? Start by reading this manual. You may find all the information you require about Massachusetts real estate license renewal in the sections below.
How often do you need to do Massachusetts Real Estate License Renewal?
You must renew your Massachusetts real estate license every two years to keep it active. Both real estate brokers and salespeople must complete this to work in the state of Massachusetts.
What steps do you need to take for your Massachusetts real estate license renewal?
The state’s licensing body for those who work as real estate agents is the Massachusetts Board of Registration of Real Estate Brokers and Salespersons. The following conditions have been established by this regulatory body:
The state of Massachusetts mandates continuous education (or CE) before license renewal for all salespeople and brokers. Every 24 months, you must complete 12 continuing education hours. You can renew your license online using the state’s licensing website known as E-Place after finishing your CE requirements by completing your renewal application and paying the renewal cost.
When will your MA real estate license expire?
Every two years, the state mandates that you renew your license. Your license will automatically expire if you don’t renew it or do anything else.
When does your driver’s license expire? Your Massachusetts real estate license will expire on your birthday every two years, to make things as simple as possible. Since most people can remember their birthdays, it should be simple to remember when to renew your real estate license, provided you also remember to skip a year.
When should you renew your MA real estate license?
Although it may be tempting to put off renewing your real estate license until your birthday, don’t do it at the last minute! Before the deadline, you can and should renew your license. In this manner, you’ll always have the most recent license card in your possession when one “expires,” allowing you to continue working as a real estate agent without pausing.
Massachusetts Real Estate Renewal Cost
Your filing process and whether you must pay a penalty fee will both affect how much your Massachusetts Real Estate License Renewal will ultimately cost:
- A real estate broker license costs $142.
- A real estate salesperson license costs $103
You’ll also need to include in the price of the real estate CE course you’ll need to take because Massachusetts law mandates it.
What happens if you don’t renew your real estate license?
Your MA real estate license will immediately expire if you don’t renew it, and until you do, you won’t be able to lawfully sell or broker real estate in the state of Massachusetts.
Massachusetts Real Estate License Course
A smart professional decision is obtaining your Massachusetts real estate license. However, a solid education is the foundation of any fruitful job in the real estate sector. With the aid of our listing of the top Massachusetts real estate schools, we want to assist you in focusing your search. This is because to begin this fascinating new job, you must first complete 40 hours of real estate coursework and pass the state exam.
Based on the platform’s usability, quality, materials, scheduling, pace, pricing, and other factors, we chose our top five choices.
The first step in becoming a real estate agent is to enroll in a prelicensing course at one of the numerous Massachusetts real estate colleges that are recognized. Let’s examine the categories of real estate programs they provide.
#1. Prelicensing Courses
Before you may take the licensure exam, you must finish 40 hours of prelicensing coursework from a state-approved real estate school. Our study can help you go through the more than 100 colleges offered to locate the one that’s best for you.
You will have the option of taking your course in person or online. Some institutions provide planned live stream classes in addition to self-paced online courses. Preparation materials for exams, real estate e-books, and access to instructor support are some features included in prelicensing course packages.
Freedom Trail Realty School, our top choice for the best institution overall, has several feature-rich options for your prelicensing course. Their packages nevertheless remain reasonable and include their top-notch course design and knowledgeable instructors.
#2. Exam Preparation Courses
You might need extra assistance when it’s time to take the licensure exam so that you feel secure on test day. Investing in test preparation materials can help, possibly assuring that you ace the test the first time. To assist you in preparing for the real thing, exam prep packages frequently include useful resources like flashcards, practice questions, and simulated exams. Some schools will include them in your prelicensing package, while others may let you purchase them alone.
#3. Continuing Education Courses
You must complete 12 hours of continuing education (CE) coursework every two years to renew your license. Make a note of the aspects of your prelicensing course that you liked, as you might wish to continue doing your CE courses at the same real estate school.
For instance, The CE Shop includes your 12-hour CE courses in their prelicensing package, so you’re prepared for your initial license renewal.
Now that you are aware of what to anticipate, it is time to discover which Massachusetts real estate schools we believe to be the best. Let’s start now!
#1. Best Overall Massachusetts Real Estate School: Freedom Trail Realty School
The curriculum of Freedom Trail Realty School is very adaptable. Students can choose between on-demand videos and live classes using this system. Out of all the schools on our shortlist, it offers the most affordable beginner package.
#2. Best Massachusetts Real Estate School for Course Design: The CE Shop
The “CE” in The CE Shop does indeed stand for continuing education, so we don’t want to mislead you. Despite the moniker, one of the top Massachusetts real estate colleges for online prelicensing courses is The CE Shop. It serves as a one-stop shop for those new to the real estate industry thanks to its dual focus.
#3. Best Massachusetts Real Estate School for Online: Colibri Real Estate
Colibri Real Estate is a national leader in real estate education. Its comprehensive packages and an extensive collection of knowledge in the field of real estate education are completed by an online job hub.
Their dynamic, well-regarded courses let you work at your own pace and are interactive. The experience of learning online has undoubtedly been refined.
#4. Best Massachusetts Real Estate School for Getting on the Fast-track: Metropolitan School of Real Estate
The founder of the Metropolitan School of Real Estate found his love for education while mentoring new agents at his agency. Our top recommendation for people who want to breeze through the course material swiftly and effectively is the institution that results.
Massachusetts Real Estate License Cost
The expenses connected with obtaining a real estate license in Massachusetts are broken down in this section. We’ve gathered all the expenses, from your MA real estate license fee to the exam itself, to offer you an accurate view of the financial commitment this career choice entails. To find out how much a Massachusetts real estate license costs, keep reading.
Pre-Licensing Coursework: $230 to $350+
Taking the necessary pre-licensing education is the initial cost of a real estate license in Massachusetts. Whether you’re applying for a salesperson or broker’s license, your pre-licensing course must be completed in forty hours. Brokers must also have three years of professional experience.
Hours are earned by attending a recognized real estate school. You can look through our directory of companies that offer the top real estate training in Massachusetts.
Exam Application: $31 for a Salesperson; $52 for Broker
You must finish an application before you may sit for the Massachusetts real estate license exam. Depending on the license type you’re acquiring, different fees apply. The application fee for a salesperson is $31, while the broker’s charge is $52.
Exam Fee: $85 for Salesperson; $106 for Broker
The Massachusetts real estate exam is given by PSI. You can arrange your exam most efficiently online or by calling 800-723-9267. The exam fee varies according to the type of license as well. A salesperson exam costs $85 and a broker exam costs $106.
Both exams include 120 questions and last four hours and have the same number of questions. To pass, you must receive at least a 70%.
Exam Retake: $54
In Massachusetts, you have two years from the day you finish your pre-licensing coursework to pass the real estate license exam. The fee for retaking the test, whether in one or both sections, is $54. The day after you receive a failing grade, you can call PSI to arrange a retake.
Licensing Fee: $103 to $150+
As soon as you pass the exam, you’ll have your real estate license. Your birth month determines how much the license will cost. The price ranges from $103 to $150. You must also pay a $12 processing fee to PSI in addition to the license price to get your real estate license.
Surety Bond: $5,000
A surety bond is an additional expense for people interested in obtaining a broker’s license. You need to post a $5,000 surety bond to be granted a license.
What Is the Process of Getting Your Real Estate License in Massachusetts?
A valid social security number and the age of at least 18 are required. the 40-hour Massachusetts real estate course can be taken in person or online. Using your certificate of course completion, apply to take the real estate license examination. Either online or in person, pass the 120-question Massachusetts real estate license exam.
How Hard Is the Massachusetts Real Estate Exam?
The Massachusetts Real Estate Salesperson Exam has a 70% pass rate. This test is challenging but not insurmountable.
How Long Is Real Estate School in Massachusetts?
40 hour
The Massachusetts Board of Real Estate Brokers and Salespersons mandates that a 40-hour course be finished at an authorized institution. You will receive a certificate once the course is finished that entitles you to apply to take the state licensing exam.
How Do Real Estate Agents Get Paid in Massachusetts?
When a property is listed for sale, the total remuneration is typically expressed as a percentage of the sales price, and when a property is listed for rent, it is frequently expressed as one month’s rent.
How Many Hours to Get a Real Estate License in Massachusetts?
You must finish forty (40) hours of study in one of the real estate schools that the Board has recognized before you may be certified as a salesman.
How Much Does the Average Realtor in Massachusetts Make?
As of May 1, 2023, the average real estate agent pay in Massachusetts is $90,112, however, the range is normally between $77,692 and $105,447.
Can I Get My Massachusetts Real Estate License Online?
The Massachusetts real estate course is available online, yes. The State license exam is also available online.
Conclusion
We hope that our step-by-step guide to the real estate licensing requirements helped you realize your ambition of becoming a real estate agent in Massachusetts! These simple instructions will make it easier for you to get your license more quickly.
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