Frequently Asked Questions (FAQ)
About the Massachusetts Real Estate Course
Q) How long does the online course take to complete?
A) It all depends on you and your determination! Since the online course is taken at your own pace, you decide how much (or how little) of the course you would like to complete each time.
The CE Shop’s Pre-Licensing courses expire six months after the date of purchase. Each student will be granted a one-month extension at no charge, to be applied immediately after the initial six-month term. For any reactivation or extension of the course after the seventh month, The CE Shop will charge the student 20% of the current retail price of the course for each 30-day extension or partial 30-day extension in the event that the course finally terminates before the end of the final 30-day extension. Students may also elect to re-enroll for 50% of the current retail price of the course, if the course has hit the year expiration or the student is at the 7 month mark and wants to repurchase and restart the course and enrollment. Extensions or reactivations cannot be granted beyond 12 months from the purchase of the course since, in all events, the course terminates 12 months after purchase.
Q) What is the difference between a Real Estate Salesperson and Broker?
A) Explained by Mass.gov:
Broker: "Negotiates agreements to sell, exchange, purchase, rent or lease interests in real property for a fee, commission or other valuable consideration for another person. A broker is responsible for accepting and escrowing all funds, such as a deposit placed on the purchase of a home, and for finalizing transactions. A real estate broker must supervise any transactions conducted by a salesperson."
Salesperson: "Engages in the same activities as a broker, except completing the negotiation of any agreement or transaction. A salesperson also has no authority or control over escrow funds. A salesperson must be affiliated with a broker, either as an employee or as an independent contractor, and work under the supervision of the broker. A salesperson can not operate his/her own real estate business."
Every real estate agent starts out as a real estate salesperson. Once you have worked under a licensed real estate broker for 3 or more years, you are then eligible to take the broker's license exam and become a broker.
Q) How much is the online course?
A) Prices for the online course varies everyday based on the promotional deal that is offered that day/week. To see the current price for the online course, click HERE.
Q) Do you offer a Military discount?
A) Yes. All active duty and veterans can recieve a 40% discount when signing up for the course. Click HERE to sign up for your military discount.
Q) Is there an exam at the end of the online course?
A) Yes. This course contains a final exam. A minimum score of 75% is required to pass the final exam.
Q) What is the next step after I complete the online pre licensing course?
A) At the completion of the course, you will be given the Examination Candidate Information Bulletin. This Bulletin will enable you to take the Massachusetts Real Estate Salesperson or Broker license exam. Before you can schedule to take the exam, you must submit the required application forms (all of the forms are included in the Candidate Bulletin) to the PSI Examination Services office in Las Vegas to get pre-approved to take the licensing exam. Once the board approves your application, you will then be eligible to register and schedule to take the Massachusetts salesperson or brokers license exam.
Q) How long do I have to register and schedule to take the license exam after I complete the pre licensing course?
A) Your candidate information bulletin is good for 2 Years from the date of completion. If you do not register and sign up to take the exam within 2 years from your date of completion from the pre licensing course, you will need to retake the pre licensing course over again.
Q) Where do I take the license exam?
A) The exam is given at PSI examination centers by appointment. Locations include Auburn, Boston, Fall River, Lawrence and West Springfield.
Q) How long is the license exam?
A) You are allowed 4 hours to complete the exam. The exam is composed of 120 questions of both general Massachusetts real estate principle/practices & Massachusetts Real Estate laws and rules. You need to score a minimum of 70% correct to pass the exam
Q) Can I get my real estate license if I have felony on my record?
A) When you apply to take the exam, you will be required to fill out a Criminal Offender Record Information Form (CORI). If you are concerned about past offences on your record you can review the GMC Policy for more details.
** For even more information and specifications about the course, please visit the CE Shops
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