Maine Real Estate License

In Maine, becoming a real estate agent is a multi-step process that starts with meeting educational requirements. Real estate agents have a lot of flexibility in their jobs, which is one of the biggest draws for people who want to work in this industry. You can have more flexibility with your schedule and more earning opportunities in this sector than in another. Other motivations for becoming a real estate agent include the ability to assist Maine residents in finding their dream homes. In just a few easy steps, you can become a Main real estate agent.

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Do you need a real estate license to be an agent in Maine?

Yes, you need it!

Completing prelicensing real estate education at an accredited real estate school,

Passing the tests with a grade of 75 percent or better,

Applying for the license within one year of passing the exams are the conditions for obtaining a Maine real estate agent license.

How do I get my real estate license in Maine?

To pursue a career in real estate, you just need to fulfill two specific criteria. You must be at least 18 years old and have completed high school or its equivalent in Maine. If you do not have a high school diploma, you can work toward earning one before enrolling in your pre-licensing course.

You must also pass a criminal background check. This check costs $21 and you must pay for it when applying for your license. Having a felony conviction on your record does not automatically rule you out of pursuing a real estate career.

Several factors will be considered by the board while evaluating the license application, including the seriousness of the violation and how long ago it occurred. The committee must believe you are a trustworthy and truthful person in general.

Complete a pre-licensing course for sales agents

You must complete a 55-hour course with a grade of at least 75%.

This course will provide you with all of the details you’ll need to get started as a real estate agent. The course will prepare you to work as a real estate sales agent in Maine by familiarizing you with the state’s laws and practices.

The easiest way to prepare for the real estate exam is to take a sales agent course. The courses can be taken online or in a classroom. The cost of these courses varies by school. And you should make sure that the one you choose is accredited and recognized by Maine’s Real Estate Commission.

Pass the Real Estate Exam

Pearson Vue administers all real estate tests in Maine. You must schedule your exam either over the phone or on the Pearson Vue website.

Since the test is only provided in Bangor and Westbrook, you may need to make additional arrangements if you live outside of those cities.

You must also pass the exam within a year of finishing the real estate pre-licensing course. If a year has passed since you took the course, you will be asked to retake it.

Fill out and submit a real estate application

Real estate license applications are handled by the Maine Real Estate Commission. The fee for the application and licensing is $121, and it is non-refundable. This includes the application fee, license fee, and background check fee. Checks should be made payable to the State Treasurer of Maine. After passing the real estate test, you have one year to submit your application.

Work with a Licensed Real Estate Agency

You must be affiliated with a real estate agency in order to provide brokerage services. This gives you the opportunity to learn how to work as a real estate agent independently in the future. Also, you will be required to share a portion of your commission with the brokerage company in charge in return for this mentorship.

Apply for an Associate Broker License

The validity of your real estate sales license is two years. Since the Sales Agent license is not renewable, you must apply for the Associate Broker license, which allows you to be actively associated with a real estate firm for a period of 24 months. Moreover, you may be eligible for an extension if you are unable to fulfill this condition.

Every two years, you must complete 21 hours of continuing education to maintain your Associate Broker license. A three-hour core course and many elective courses are included. You should take advantage of this opportunity to identify a niche in which you want to concentrate in the future.