Massachusetts is a small state with an intimidating name to spell, a boatload of nicknames, and a booming real estate industry.
The Pilgrim State boasts a real estate market with consistently rising home values and increasing demand thanks to affluent, rapidly-growing cities like Boston and Worcester. Consequently, it’s one of the most lucrative markets for a real estate broker.
But you can’t just wake up one day and start brokering properties in Massachusetts. There’s a process to it. Learn how to become a real estate broker in Massachusetts below.
What Is A Real Estate Broker?
A real estate broker is an REI professional with specialized expertise in the real estate industry.
Just like a real estate agent, a real estate broker assists folks in buying and selling homes, negotiating, and overseeing real estate transactions. Most real estate brokers will have a dedicated real estate website to promote their business and the interests of their clients.
However, a broker has additional certifications beyond the standard agent and a real estate broker license with which they can start a firm and hire other real estate agents.
How To Become A Real Estate Broker In Massachusetts
Here’s how to become a real estate broker in MA:
Learn Massachusetts Prerequisites
On top of being lucrative, the Massachusetts real estate market has a low barrier to entry, and anyone, including foreigners to persons with a criminal record, can be a real estate broker. But they must meet the following prerequisites:
- Be 18 years of age and above
- A valid social security number
- Have at least a high school diploma or equivalent
- Prove completion of a pre-licensing exam
- Get affiliated with a licensed Massachusetts real estate broker as an agent for at least three years to gain experience
Understand The MA Real Estate Market Lingo
Real estate is a people-based industry, and almost 90% of your job as a broker will involve working hand in hand with property buyers,…