Are you yearning for a new beginning in 2025? Ready to carve out a path in the real estate realm? Let’s embark on a journey together to uncover the key steps to obtaining a real estate license in Massachusetts. From the costs involved to the best schools to guide you through the Massachusetts real estate exam, we have you covered. So, let’s dive in!
Eligibility Requirements for Massachusetts Real Estate License:
- Be at least 18 years old
- Possess a high school diploma
- Hold a social security number
Quick Facts: Massachusetts Real Estate Licensing
Embark on a 40-hour educational journey at an approved Massachusetts real estate school. Our top online picks include The CE Shop, Freedom Trail Realty, and Colibri Real Estate. The Massachusetts real estate exam consists of 120 multiple-choice questions that you must answer within four hours. A score of 70% or higher is required to obtain a real estate license in MA.
How to Obtain a Real Estate License in Massachusetts in 5 Comprehensive Steps:
Step 1: Complete a 40-hour prelicensing course
Cost Estimate: $200 – $600
Before diving into the Massachusetts real estate licensing exam, equip yourself with 40 hours of prelicensing education from an approved institution. Whether online or in-person, these courses shed light on the Commonwealth’s real estate laws and prepare you for the state exam. Course prices range from $200 to $600.
Pro Tip: Are you a member of the Massachusetts Bar? Attorneys associated with the Massachusetts Bar Association may be exempt from the 40-hour course. Verify your eligibility by visiting the Massachusetts Board of Real Estate Education Waiver site.
Step 2: Obtain Three Candidate Endorsements
Following the completion of your coursework, acquire three endorsements from unrelated individuals. These endorsements do not have to be from Massachusetts residents but should not include your real estate course colleagues.
Step 3: Submit Your Massachusetts Real Estate License Application
Application Fee: $85
Prepare to submit your application for the Massachusetts real estate exam, managed by PSI Services. Registration can be done online through PSI’s portal, involving account creation, form completion, and submission along with the required documentation and an $85 application fee. Your educational institution will supply a certificate to verify your completion of the coursework.
Step 4: Pass the Massachusetts Real Estate Licensing Exam
Gear up to tackle the Massachusetts real estate licensing exam. Comprising 120 multiple-choice questions, you have four hours to demonstrate your knowledge. A minimum passing grade of 70% is mandatory to secure your license. Detailed information on exam locations and format can be found on the Mass.gov website.
Step 5: Pay the Licensing Fee to Obtain Your MA Real Estate License
Great news! Upon passing the exam, a Massachusetts real estate license is yours to claim immediately if the exam is completed in person. A licensing fee ranging from $103 to $150, plus a processing fee of $12 can be paid via debit or credit card.
Top Massachusetts Real Estate Schools:
Venture into the dynamic field of real estate by choosing from our top-rated Massachusetts real estate schools below:
Top Pick: Freedom Trail Realty
Ideal for career support, with high exam pass rates and access to a job board and broker recruitment program.
Also Popular: The CE Shop
Boasting user-friendly features, diverse packages, a pass guarantee, and a 5-day free trial to kickstart your real estate career.
Also Popular: Colibri Real Estate
Known for its exceptional student support, user-friendly platform, and package upgrades offering exam preparation and career resources.
Now that you understand the process to obtain a real estate license in Massachusetts, prepare for a thriving career ahead. Don’t hesitate to reach out for guidance or further information as you embark on this rewarding journey in the real estate industry. Cheers to your success in shaping a promising future within the Massachusetts real estate sector!
