Getting your real estate broker license in Massachusetts (MA) may be challenging, but there are financial benefits to taking this next step in your career. After all, the Bureau of Labor Statistics lists Massachusetts as one of the top-earning states for real estate brokers

In this article, we’ll outline the process for earning your real estate broker license in MA. We’ll walk you through the steps and help you take the next leap in your real estate career.

What Are the Requirements for a Real Estate Broker License in MA?

To be eligible for a real estate broker license in MA, you must:

How to Get a Real Estate Broker License in MA

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How to Get a Real Estate Broker License in Massachusetts
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Complete a 40-hour Broker Prelicensing Class
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Submit Your MA Broker License Application
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Pass the MA Broker License Exam
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Complete the Licensing Process

Government websites can sometimes be difficult to navigate. That’s why we want to take you through the process and provide links to the forms you need in our simple, step-by-step guide.

1. Complete a 40-hour MA Real Estate Broker Course

Once you’ve met the minimum level of experience as a salesperson, you’ll need to complete a 40-hour course from a state-approved school to become a real estate broker in MA. This is different from the 40 hours of prelicensing classes you took to become a real estate agent in Massachusetts.

You can complete the 40 hours of study with Freedom Trail Realty School. Their Summit Trail course offers live stream classes, an audio book, an alumni group invite, a pass or don’t pay guarantee, and access to the company’s job board. You’ll also gain unlimited access to practice tests and archived classes to help prepare you for the MA broker licensing exam.

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2. Submit Your MA Broker License Application

In addition to completing the application form and submitting a current photo, you’ll also be required to submit the following documents:

  • An Education Requirement form (signed and stamped by the real estate school where you completed 40 hours of broker classes, and dated within the last two years)
  • A Candidate Endorsement form (signed by three non-relatives who endorse you)
  • Employee Broker Certification form (signed by your current supervising broker)
  • A 5,000 Surety Bond (completed by an insurance agent or bond company)
  • A Criminal Offender Record Information Acknowledgement form (completed and notarized)

All these forms are on the final pages of PSI’s candidate information bulletin. Your application, accompanying documents, and $106 payment must be mailed to PSI, the testing service that administers the MA broker license exam, at this address:

PSI Examination Services
ATTN: Examination Registration MA RE
3210 E. Tropicana Avenue
Las Vegas, NV 89121

You’ll only be allowed to schedule your MA real estate broker license exam after PSI approves your application.

3. Pass the MA Real Estate Broker License Exam

  • Cost: $106 (already paid in step no. 2)
  • Time commitment: 4 hours
  • Helpful resource: PSI website
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Quick Facts
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Cost:

$106

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Time to Complete:

4 hours

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Format:

Computer-based, 120 multiple choice questions

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Bring to the Testing Center:

Two forms of valid, signature ID

This is it! At the testing website, select “MA Broker” and create an account or log in to schedule your exam. Testing sites are located in the following cities:

  • Auburn
  • Boston
  • Fall River
  • Lawrence
  • West Springfield

We recommend you arrive 30 minutes early at the testing site to sign in. Be sure to bring your original Massachusetts salesperson license and two forms of valid identification. Please note that you won’t be allowed to bring any personal items into the exam room, but you’ll have access to a secure, on-site storage locker.

You’ll learn whether you passed or failed the exam immediately upon completion. If you didn’t pass, you can retake the exam as many times as necessary, as long as you successfully pass the exam within two years of completing your broker licensing courses. Retakes cost $54.

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4. Complete the Licensing Process

If you pass the broker exam, you’ll be asked to turn in your salesperson license and pay for your MA real estate broker license on site. The license fee is prorated based on your birth date. Note that they’ll only accept payments via credit card, check, or money order addressed to PSI.

That’s about it: You’ll leave the testing facility as a licensed real estate broker. Congratulations!

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How Much Does It Cost to Get a Real Estate Broker License in MA?

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Quick Facts
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Massachusetts Real Estate Governing Body:

Board of Registration of Real Estate Brokers and Salespersons

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Prelicensing Requirements:

40 Hours

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Price Range for Real Estate Broker Course:

$349-$399

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Estimated Total Costs:

$600

It costs approximately $600 to get a real estate broker license in MA. The license fee is prorated since real estate licenses expire on an applicant’s birthday.

Sample Costs of a Real Estate Broker License in MA

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Classes (40 hours) $349-$399 (through Freedom Trail Realty School)
Broker exam registration $106
Exam retake $54
Broker license application $142-$200
Total costs $597-$759

(Massachusetts real estate broker license costs as of August 2023)

We recommend the Summit package offered by Freedom Trail Realty School. It’s one of two broker education packages they offer, and includes unlimited access to practice exams plus digital flashcards and a study planner.

How Much Do Real Estate Brokers in Massachusetts Make?

According to The Close’s salary information database, a real estate broker in Massachusetts makes an average of $85,954 each year. While a real estate agent only earns pay through commissions, a broker may have more sources of income.

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How to Start a Real Estate Brokerage in 2024 (Without Going Broke)

Massachusetts Real Estate Broker License FAQs

Maybe you’re wondering if getting a Massachusetts real estate broker license is right for you. We’ll address this and other questions here, and tell you more about the time commitment and level of difficulty of the broker exam in Massachusetts. If you have other questions, be sure to drop them in the comments section.





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More Career Resources From The Close

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