What does it cost to get started?
Pre-license costs:
Real Estate Course and/or materials: $125-$280
State Licensing Exam: $75
License application fee: $108
Professional Dues and Fees:
Local/State and National Board of Realtors: $350-$400
Multiple Listing Service Access fee: Approximately $200 per quarter
Auto Insurance: Depending on your current coverage
What are the sales agent licensing requirements?
Requirements for a real estate sales agents license ( from the Maine
Real Estate Commission web site):
Real Estate Sales Agent License Description
Real estate sales agent means a person licensed by the Department
of Professional and Financial Regulation to offer, attempt to conduct
or to conduct services on behalf of another for compensation which
includes, but is not limited to, listing real estate for sale; promoting
the purchase, sale or exchange of real estate; buying, advertising
or holding oneself out as offering specific services defined by
law and selling or exchanging real estate [reference 32 MRSA
Chapter 114 13001 "Definitions"].
This license may only perform brokerage services in the employ
of or on behalf of a licensed real estate agency and under the supervision
of the agency's designated broker.
A sales agent licensee must be affiliated with a licensed real
estate agency to be eligible to perform brokerage services.
SALES AGENT LICENSE REQUIREMENTS
FEES - Application/License fee: $100
TERM - Biennial (2 years)
REQUIREMENTS
GENERAL REQUIREMENTS
- Completed License Application
- Criminal Records Check form and separate check for $8.00 made
payable to Treasurer, State of Maine.
- Credit Card Application if authorizing payment of fees by VISA
or MasterCard.
- Hold a high school diploma or equivalent.
- Be at least 18 at time of application for the license.
HOW TO QUALIFY FOR THE LICENSE
- Complete the pre-license course Introduction to Real Estate
with a minimum final grade of 75%. Application for the sales agent
license must be made within one (1) year of completion of the
course,
OR
- Pass the sales agent licensing examination.
IMPORTANT NOTE - Application for the sales agent license must be
made within one (1) year of either completion of the qualifying
course or of passing the licensing examination.
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