What does it take to be a real estate agent in Massachusetts?

What do you have to do to become a real estate agent in Massachusetts?

You must have a social security number.

  1. Complete 40 hours of approved Massachusetts Pre-Licensing education. …
  2. Pass the course final exam. …
  3. Gain approval from the Massachusetts Board of Registration of Real Estate Brokers and Salespersons. …
  4. Pass the Massachusetts Real Estate Salesperson Examination.

How much does the Massachusetts real estate course cost?

To OBTAIN a Massachusetts real estate license

Candidates are required to complete an approved 40-hour pre-licensure class. Keep Me Certified offers the full 40-hour course streamed online. The current cost of our online course (September 2020), $199.

Do real estate agents make good money in Massachusetts?

For example, Massachusetts, with it’s expensive housing market and high real agent commissions, has a much higher average income for real estate agents: the average Massachusetts real estate sales agent makes $84,180 per year according to Forbes, and the average Boston real estate broker makes $103,720 per year, …

Can you be a part time realtor?

Yes, you can be a part-time real estate agent. The process of becoming a part-time agent is almost exactly the same as for people training to become a full-time agent. The only difference is that some brokerages typically won’t hire people who work part-time.

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Is it worth becoming a real estate agent?

One of the greatest advantages of becoming a real estate agent is the unlimited income potential. … That’s because real estate agents work for a commission. Typically, the agent walks away with 2.5% – 3% of a property’s sale price. Depending on the local housing market prices, the commission can be substantial.

How long is Realtor school?

On average, it takes anywhere from 2-5 months to complete real estate school and earn a real estate license. However, this can vary depending on your state’s licensing requirements and application process and whether you choose an online real estate school or traditional classroom courses.

What’s the difference between real estate agent and broker?

Real estate agents have a professional license to help people buy, sell, and rent real estate. … Brokers are real estate agents who have completed additional training and licensing requirements. They can work independently and hire other real estate agents to work for them.

How many times can you take the real estate exam in Massachusetts?

You’ll have four hours to complete the test, and need to get a 70% on each section to pass the exam and get your license. Don’t fret too much, though – you can take the exam as many times as it takes to pass, and we’ll go over testing strategies in class.

How much does a realtor make in Massachusetts?

The average salary for a real estate agent in Massachusetts is around $58,760 per year.