Best answer: How long is a MA real estate license good for?

How much does it cost to renew your real estate license in MA?

Fees and License Renewal Schedules for Real Estate Brokers and Sales Persons

Board Code Type Class Renewal Fee
RE S $103.00
RE AB $142.00
RE RB $142.00
RE RS $103.00

How do I reinstate my real estate license in Massachusetts?

To reactivate a Mass real estate license, agents are required to complete the same 12-credit required continuing ed course and to submit a license renewal/reactivation form with the current renewal fee to the Board. It is that simple.

How many times can I take the real estate exam in MA?

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.

Can you take the MA real estate exam online?

TL;DR: Yes, you can take the Massachusetts real estate course online. You can also take the State license test online. … Starting on January 28th, 2021 you can take the real estate license exam online with PSI Exams. This means that you can now complete the entire licensing process online from start to finish.

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How much is a real estate license?

Estimated cost: $325+

Your real estate license application fee will generally cost around $25. You will also have to pay for fingerprinting and a background check. These will cost about $100 altogether. The actual state exam fee will vary, but it is generally less than $50.

How often do you need to take real estate exam?

You can take the exam multiple times, and up to three times in a calendar year in many states. Additionally, if you pass either the national or state portion but do not pass both, you only have to retake the portion which you did not pass.

How many months supply of home listings for sale is there in an average market?

This number tells you how many months it would take for all the current homes for sale on the market to sell, given a monthly sales volume. Four to five months of supply is average.

Does a Realtor need a business license?

Yes, self-employed Realtors are not considered to be working from their personal residence and are required to secure a State Business License.

How much does a realtor make in Massachusetts?

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

What penalty does practicing real estate in Massachusetts without a license carry?

Whoever, without being licensed as required by section eighty-seven RR, acts as a broker or salesman or advertises that he is a broker or salesman shall be punished by a fine of not more than five hundred dollars.