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If you are looking to get into real estate, this article will help. It provides information on how to become a licensed agent in Maine and details steps that prospective agents can take.
To become a real estate agent in Maine, you need to complete the required course online. The course is available for free at https://www.maine.gov/realestate/. Read more in detail here: maine real estate license course online.
The procedure for becoming a real estate agent in Maine is simple. To begin, complete the requisite 55 hours of prelicensing coursework with a Maine’s real estate board-approved provider (MREC). After that, you must pass the real estate test, locate a sponsoring agency, and submit your application and background check. Learn how to acquire a Maine real estate license and start a professional real estate career in The Pine Tree State by following our step-by-step tutorial.
1. Comply with Maine’s Legal Requirements to Become a Real Estate Agent
You must first complete the fundamental legal criteria in order to get a Maine real estate license. These requirements include being 18 years old or older, possessing a high school certificate or GED, and being a legally admitted US citizen.
What if I told you that Maine has reciprocity agreements with all 50 states. Agents who are already licensed in another state are exempt from taking MREC’s prelicensing classes, but they must still pass a background check and the state section of the Maine real estate test to get their license.
In terms of mobility, Maine is also a physical location state. Realtors from other states are permitted to do business in Maine, but they are not permitted to physically enter the state. Out-of-state agents are prohibited from entering the state for any purpose, including showings, closings, or other business. Check out our real estate license reciprocity and portability guide for more information about real estate license portability in Maine.
You may be possible to earn your real estate license in Maine even if you have a criminal record. As part of the application process, the Maine Office of Professional and Occupational Regulation (MOPOR) will undertake a criminal background check. Based on the crime and time since the conviction, they will assess if you are eligible to receive a Maine real estate license.
For further information, see Title 5, Chapter 341 of the Maine Legislature, as well as the MREC.
2. Complete all pre-licensing courses that are required.
Once you’ve verified that you satisfy the legal criteria to become a Maine real estate agent, the next step is to complete the needed prelicensing coursework. Classes at an authorized real estate school that is certified by the Maine’s real estate board may be taken in a regular classroom environment or via online real estate courses (MREC).
The following subjects are included in the 55 hours of compulsory prelicensing instruction for prospective Maine realtors:
- Characteristics of real estate, legal designations, and use
- Ownership, transfer, and documentation of title in many forms
- Appraisal and property value
- Contracts and agency in real estate
- Practicing real estate
- Environmental concerns and property disclosures
- Settlement and financing
- Calculations in real estate math
- Maine’s real estate board
- Maine’s laws and regulations that control activities and licenses
- Agency/brokerage law
- Principles and behaviors unique to Maine
- Maine’s land-use regulations
For Maine prelicensing education, we suggest The Real Estate Learning Group. Prelicensing lessons are available in a number of learning methods at this local real estate school. Choose between self-paced online programs and a fast-tracked, blended learning environment that incorporates both self-paced and live classroom teaching to study independently.
The Real Estate Learning Group may be found at www.realestatelearninggroup.com.
3. Take the real estate exam in Maine.
The Maine real estate salesperson test consists of two sections, both of which must be completed in order to get your license. The general practice segment has questions that are asked throughout the country, and the Maine law section contains questions that are exclusive to Maine. The Maine real estate test is taken on a computer, and you will get your results shortly after completing it.
“Pass” or “fail” will be shown on the score report. If you pass the exam, you’ll be notified about the next steps in getting your Maine real estate license. You have 24 hours after failing to reschedule and retake the test if you fail. The test may be taken as many times as necessary before the conclusion of your one-year prelicensing courses.
Details about the Maine Real Estate Exam
Make Your Exam Appointment
The official administrator of the Maine real estate exam is Pearson VUE, a multinational testing firm. You may book your exam directly on the Pearson VUE website, and you’ll also get a copy of the Maine Candidate Fact Sheet for further information. You may pay the $85 exam cost with a credit card, debit card, voucher, or electronic check straight via the Pearson website.
Get some additional study assistance from PrepAgent to make sure you’re ready to ace your test and succeed in real estate. PrepAgent includes resources including video, audio, and live webinar lectures, as well as interactive flashcards and vocabulary sheets, to ensure you pass the test on the first try, whether you’re one week or months away from your exam date.
PrepAgent is a great place to start.
Use the code FSB20 to get a 20% discount.
4. Decide the company you want to work for.
You must locate a sponsoring brokerage with whom to associate your Maine real estate license in order to keep it valid. To help you decide, read our in-depth article on how to pick a real estate business to work with, which discusses the benefits and drawbacks of different kinds and sizes of brokerages.
Although there are numerous profitable brokerages in the Pine Tree State, Real Trends has identified the top five brokerages for 2022:
Cities in Maine with the Highest Median Sales Price in 2022
Greater commission checks coincide with higher median home sales. Check out the sales statistics below from Towncharts.com to see which cities represent the most profitable real estate specialized regions in Maine:
5. Obtain a Maine real estate license
It’s time to apply for your Maine real estate license when you’ve passed your test and chosen a brokerage to work with. You may apply on paper or online via the Department of Professional and Financial Regulation, and the $121 charge can be paid by cheque, debit card, or credit card. A $100 application charge and a $21 criminal background check cost are included in the price.
The Designated Broker’s Authorization of Agency Affiliation portion of your real estate application must be completed by your brokerage. You must also attach your Sales Agent Course Completion Certificate and salesperson test results when applying to become a real estate agent in Maine. In addition, after completing the Maine real estate test, you must apply for your license within one year.
6. Get Your Real Estate Career Started
You’re ready to begin your career as a real estate agent now that you’ve learned how to become a real estate agent in Maine. Here are some of our articles with material that is ideal for new real estate agents if you want to learn more:
The “Maine real estate exam questions” is a list of the 100 most common Maine real estate exam questions. It will help you prepare for your Maine real estate license test. Reference: maine real estate exam questions.
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