How To Become A Licensed Real Estate Broker In Maryland
With the housing market well on the way to complete recovery, many licensees are making the move to become a real estate broker in Maryland. After all, one of the benefits of a forming a career in real estate is the control it allows you in shaping your personal success. The step towards becoming a broker is the beginning of an exciting new chapter in the life of a real estate professional. There is no need to wait for a promotion. A real estate licensee is able to simply make the decision to sign up for broker training and the state exam. Once this decision has been made, it may be only a matter of weeks before you are working as a Maryland broker. Real estate sales associates in Maryland who are ready to take the next step in their real estate careers can begin the process of becoming a licensed real estate broker by completing the state’s requirements for licensure.
Maryland Real Estate License Requirements
- Age: 18 years old
- Courses: complete a real estate course: 3 hours of real estate ethics
- Experience: 3 years of active salesperson experience
- Reputation: you have to be a responsible person with a good reputation
- Exam: successfully pass the real estate examination
Real Estate Broker Licensure Exam in Maryland
There are 2 parts of the Maryland Real Estate Salesperson Exam: national and state specific. National part has more questions and is more complex than state specific part. There will be such number of questions in each part of the exam. See below.
National part: 80 questions (answer 56 questions correctly to pass this part)
State specific part: 30 questions (answer 21 question correctly to pass this part)
Time limit: 90 minutes for the national part and 30 minutes for state specific part
If you successfully pass the first part of the exam, you can take the other part during a 12 months period.
You will see your results right after you finish it, as the exam is taken on a computer. Don’t bring any books to the testing room. Arrive 30 minutes before the exam starts. Don’t forget about 2 forms of ID and a calculator to take with you.
You will need to pay $70 of registration fee to take the Maryland Real Estate Salesperson Exam. The retake fee is $70 as well.
Real Estate Broker Software
The Right Tools
The most professional real estate workers often require software to efficiently sort through paper work. It has been pointed out that good software such as Brokermint can transform a real estate business for the better. Back office software should be able to create a consistent and manageable flow from lead generation to closing and accounting. It should be able to cross integrate with Contact Management systems (CRM), MLS and Accounting Packages. The main goal of this type of software is to help real estate experts save time managing day-to-day operations, get instant visibility on production data and remain in compliance with regulations.
Software like Brokermint perfectly fits for small companies that recently started their real estate business.
There are other tools that are useful to real estate agents. Having a strong social media presence through sites such as Facebook or LinkedIn can come in very handy in attracting potential customers. Also consider using Zillow and Trulia. These websites help track information on available real estate properties in local areas. Be sure to familiarize yourself with the kinds of tools that real estate brokers need to work in the field. It is a necessity to feel prepared in this business.
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