Everything you could ever want to know about Massachusetts real estate classes! (Updated for 2021)
The FTRS Team
You're trying to get your Massachusetts real estate license, and all you want to know is: how do real estate classes in MA work? The State doesn't really explain the process, so let's go over the exactly how the classes work, what they cover, and the process to get your real estate license in Massachusetts.
First off, you should know that there are two types of real estate licenses in Massachusetts: real estate salesperson licenses, and real estate broker licenses. Salesperson licenses are for new agents. Every real estate agent in Massachusetts starts out as a salesperson. Broker licenses are for real estate salespersons with 3 or more years of experience. Both of these licenses let you help clients buy, sell, and rent real estate. The only real difference between the two licenses is that brokers can work for themselves and own a real estate brokerage, while salespersons always have to work for a broker.
If you'd like more information on the difference between salespersons and brokers, this post goes into depth about the difference between the two licenses.
Now let's talk about the actual process to get one of these licenses. Getting your real estate license in Massachusetts can be broken down into three steps:
Simple, right? So what's the deal with the class?
You have to take a 40 hour real estate class as your first step in the licensing process. You can take the class in any number of formats (for instance, we offer everything from 4 day crash courses, to weekend classes and night classes), but you have to take the full curriculum. Just what the heck is covered during those forty hours? A bunch of different things:
Phew! There's a lot to cover there. That's why you have to spend forty hours in class: not only do you have to go over all of that material, but you also have to get prepared for the test. That means practice problems and review. Most schools skip over the test prep, so make sure that the class you choose doesn't. You're not taking the Massachusetts real estate class for your health; you're taking it to pass the exam and get your real estate license.
(Shameless plug: we might be a little biased, but we think that we have the best Massachusetts real estate test prep in the industry. We get our students' statistics every month, and our monthly pass rates are 15-20% higher than the Massachusetts average. And for those students that take their time and study our materials, we see pass rates over 90%. We attribute a lot of that success to the test preperation classes and study materials that we offer, so be sure you focus on test prep when picking a school!)
The last thing to touch on, which I mentioned briefly above, is that you can take your real estate license classes online or in person. The State of Massachusetts approved online real estate license classes starting in October 2016.
(Another shameless plug: our school is located right in downtown Boston by every major T and Commuter Rail line, and we were the very first school in Massachusetts to offer the 40 hour licensing course online!)
After the class you'll apply to take the exam with PSI, study your notes from class, pass the real estate test, and go sell some real estate! Don't fret too much about passing the test, but do be sure to study before taking it. There's a lot of material covered in the 40 hour class, and the State exam likes to ask sneaky questions that are designed to trip up students that haven't studied the material. But don't stress out too much: if you study you'll be fine.
Wondering exactly what's covered by the test? PSI is kind enough to provide a full outline of the real estate test in their real estate license test handbook.
Good question! Getting your Massachusetts real estate license costs around $500. Here's the breakdown:
There are also expenses that you should plan for when you begin working as a real estate agent, which we go over in this post. Overall not too bad, considering that many professional licenses cost several thousand dollars (nevermind becoming something like a doctor or lawyer)!
If you want to get your real estate license, your next step is to sign up for a real estate class. Not quite sure if real estate is for you yet? Zillow has an excellent article about a day in the life of a real estate agent. It should give you a good feeling for about whether or not getting a real estate license is the right fit for you.
And that's all you need to know about real estate classes in MA. Hopefully this has been helpful (maybe I'll even see you in class!), and good luck with your potential new career!