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The Massachusetts Board of Registration of Real Estate Brokers and Salespersons requires anyone who wishes to get their Real Estate Salesperson or Broker License, to attend the 40-Hour License course at an approved school, before you can take the state exam for the license. In order to take the exam for the Broker license, you will also be required to post a $5000 Surety Bond and have at least, 3 years full time experience as a Salesperson.
We offer the 40-Hour Salesperson License class in Peabody, at the Holiday Inn and other locations across the state. The class is taught by a live instructor, not a video. The 4-Day class is given over 2 weekends on Saturday and Sunday or over 2 weeks on a Tuesday and Thursday from 8am to 7pm. There are breaks throughout the day and one hour for lunch. The price for the Salesperson License class is only $349. The book is included in the price of the class, however you should bring a notebook, pens, high-lighter and a calculator. After you finish the class, you should be prepared to continue to study until you take the exam. After you complete the class, you will be given the Candidates Handbook which will allow you to schedule your exam with the testing service. If you do not pass the exam on your first attempt, you will be allowed to attend the next class at no additional charge, for up to one year after you complete the class. The exam fee is $101.00 for Salesperson and $122.00 for Broker at this time. If you need to retake the exam, the cost is $56. Upon passing the exam, your license will be issued right at the testing center and the cost for the license is $103.00 for Salesperson License and $142.00 for the Broker License +/- (prorated to your birthday). Broker candidates are also required to purchase and bring a $5000 Surety Bond to the exam center. I hope to see you in class soon and...
"Let's have some fun!"
Thank you very much!
Bill Morgan CBR "The Hat Guy"
Bill Morgan Real Estate Academy
37 Bates Rd. Swampscott, MA 01907 - Tel. (781) 631-1211
Licensed by the Commonwealth of Massachusetts #1224