Massachusetts Real Estate Broker License Guide

Your complete roadmap to becoming a licensed real estate broker in Massachusetts. From eligibility requirements to exam preparation and renewal.

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3 Years Experience Required
40 Hours Pre-License Education
70% Passing Score Required
$5K Surety Bond Required

Eligibility Requirements

Before you can apply for a Massachusetts Real Estate Broker License, you must meet all of the following requirements:

Age Requirement: Must be at least 18 years old
Social Security Number: Valid U.S. Social Security Number required
Experience: Active Massachusetts Real Estate Salesperson license for minimum 3 years
Education: Complete 40-hour broker pre-licensing course from approved school
Surety Bond: Obtain and maintain a $5,000 surety bond
Background Check: Pass a CORI (Criminal Offender Record Information) background check

Step-by-Step Process

Complete Education

Take the 40-hour broker pre-licensing course with an approved education provider. Must be completed within 2 years of exam application.

Duration: 40 hours | Cost: $300-$500
Submit Application

Submit your broker license application to PSI Exams with all required documents, including education certificate and surety bond.

Processing: 3-5 business days
Schedule Exam

Once approved, schedule your broker exam online or at a PSI testing center. Choose between computer-based or paper-based testing.

Exam Fee: $106
Pass the Exam

Take the Massachusetts Real Estate Broker exam. 100 questions total covering general real estate principles and Massachusetts-specific laws.

Passing Score: 70% | Time Limit: 3 hours
Get Licensed

Pay the license fee immediately after passing the exam. Your broker license will be issued electronically and must be displayed at your place of business.

License Fee: $150-$200

Exam Details

Exam Format
  • 100 multiple-choice questions
  • 70% passing score required
  • 3-hour time limit
  • Computer or paper-based testing
Content Areas
  • Real Estate Law & Practice (40%)
  • Property Management (25%)
  • Brokerage Operations (20%)
  • Massachusetts Laws (15%)
Exam Tips: The broker exam is more challenging than the salesperson exam, focusing on business operations, supervision, and advanced legal concepts. Thorough preparation is essential.

Total Cost Breakdown

40-Hour Pre-License Education $300 - $500
PSI Exam Fee $106
License Fee $150 - $200
Surety Bond (Annual) $100 - $200
Total Estimated Cost $656 - $1,006

License Maintenance & Renewal

Renewal Requirements
  • Renew every 2 years
  • 12 hours continuing education
  • Pay renewal fee (~$103)
  • Maintain active surety bond
Additional Responsibilities
  • Display license at business location
  • Supervise all salesperson activities
  • Maintain transaction records
  • Manage escrow/trust accounts

Ready to Start Your Broker License Journey?

Use our comprehensive exam prep materials to master the broker exam content and pass with confidence.

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Disclaimer: This information is for educational purposes only and should not replace official guidance from the Massachusetts Board of Registration of Real Estate Brokers and Salespersons. Requirements and fees may change. Always verify current information with official sources. Last updated: January 2025.