How to Get Your Real Estate License in Massachusetts
Careers in real estate offer many perks. You’re your own boss, you make your schedule, and you can potentially earn a lot of money. Also, the door to entry is far easier than other potentially high earning careers – you don’t need an MBA; in fact, all you need is a high school diploma!
In time, you could start your real estate brokerage and manage your agents. Success however is difficult to come by as a Real Estate agent. It’s going to take a lot of hard work, long hours and creative marketing skills.
But if you’re ready to take the plunge, here are the four basic steps that you’ll have to take to obtain your real estate agent salesperson’s license in the state of Massachusetts.
With a view to beginning the process of becoming a licensed real estate agent in Massachusetts, you have to be able to answer yes to all of the following questions:
• Are you at least 18 years of age?
• Do you have a valid social security number?
• Are there three people not related to you that can vouch for your character?
Once you’re deemed eligible, it’s time to hit the books. You’ll have to enroll in an accredited real estate school by the state’s Division of Professional Licensure.
You are required to take a 40-hour salesperson class. The 40-hour requirement makes it far easier to obtain your license in Massachusetts in comparison to other states, where the requirement is typically 75 hours of coursework.
Pass the Exam
When you completed the 40 hours of coursework, you can sit for the real estate licensure examination. The exam will cost $97 (also less than many other states).
Find a Brokerage
When you pass your exam and receive your license, the Brokerage with whom you choose to work will activate your license. You cannot operate as a salesperson if you are not sponsored by a state-registered and authorized brokerage.
In starting your career post-licensure, it’s a good idea to join some of the many organizations that serve the real estate industry. The Massachusetts Association of Realtors or the National Association of Real Estate Brokers is two of the many valuable sources for real estate education and enrichment.
As in every state, passing the real estate license will give you the opportunity to work in other states that have a reciprocity agreement. The state of Massachusetts has reciprocity agreements with many other states with great real estate markets. With your Massachusetts license, you’ll also be fully licensed to work in these states:
- New Hampshire
- New York
- Rhode Island
So, if you’ve had enough of New England’s winters and you’re ready to take your business to somewhere warmer, you can head to Arizona or California, both of which have booming real estate markets.
A successful career as a real estate agent in Massachusetts is going to take a lot of grit and salesmanship. But, if you can stay in the game, the rewards can be great. Remember, even though its cliché, it really is all about “location, location, location.”
Good luck out there!